Press coverage about Ascena Retail Group (NASDAQ:ASNA) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ascena Retail Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 46.4936406842099 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Stein Mart (SMRT) vs. Ascena Retail Group (NASDAQ:ASNA) Critical Review (americanbankingnews.com)
- Ascena Retail Group, Inc. (ASNA) Took Active Place in Insider Ownership - Wallstreet Investorplace (wallstreetinvestorplace.com)
- Ascena Retail Group, Inc. (NASDAQ:ASNA) Experiences Lighter than Usual Trading Volume - First News 24 (firstnewspaper24.com)
- Ascena Retail Group, Inc. (NASDAQ:ASNA) Closed 8.9% Above Its 50 Day Average - First News 24 (firstnewspaper24.com)
- Ascena Retail Group Inc (ASNA) AO Seeing a Consistent Downtrend - Evergreen Caller (evergreencaller.com)
A number of equities research analysts recently weighed in on ASNA shares. ValuEngine cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Telsey Advisory Group dropped their price target on Ascena Retail Group from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, May 18th. Cowen and Company restated a “market perform” rating and issued a $2.00 price target (down previously from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Royal Bank Of Canada set a $5.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a report on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.50.
Ascena Retail Group (ASNA) traded down 0.43% during trading on Friday, reaching $2.32. The company’s stock had a trading volume of 1,431,796 shares. The stock has a 50-day moving average price of $2.15 and a 200 day moving average price of $3.53. The company’s market cap is $445.21 million. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $9.12.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Thursday, June 8th. The specialty retailer reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. Ascena Retail Group’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. On average, analysts expect that Ascena Retail Group will post $0.12 EPS for the current year.
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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