Ascena Retail Group, Inc. (NASDAQ:ASNA) received a $3.00 price objective from equities research analysts at FBR & Co in a research note issued on Tuesday, October 17th. The brokerage currently has a “hold” rating on the specialty retailer’s stock. FBR & Co’s price objective would suggest a potential upside of 53.45% from the company’s current price.
Other research analysts also recently issued research reports about the stock. KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Royal Bank Of Canada set a $3.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a report on Saturday, October 7th. Finally, BidaskClub upgraded shares of Ascena Retail Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.50.
Ascena Retail Group (NASDAQ ASNA) traded up $0.01 on Tuesday, reaching $1.96. 2,100,857 shares of the company’s stock traded hands, compared to its average volume of 2,237,170. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.20. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $8.19. The firm has a market capitalization of $382.21, a P/E ratio of 9.29 and a beta of 1.88.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, September 25th. The specialty retailer reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. The business’s revenue was down 8.5% on a year-over-year basis. analysts forecast that Ascena Retail Group will post 0.23 earnings per share for the current year.
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Large investors have recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC bought a new position in Ascena Retail Group during the second quarter worth about $206,000. BlueCrest Capital Management Ltd boosted its position in Ascena Retail Group by 196.6% during the first quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 24,132 shares during the period. Mason Street Advisors LLC boosted its position in Ascena Retail Group by 7.0% during the first quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock worth $169,000 after purchasing an additional 2,595 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Ascena Retail Group during the first quarter worth about $181,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Ascena Retail Group by 36.6% in the first quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 12,362 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.
About Ascena Retail Group
Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.
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