BidaskClub upgraded shares of Ascena Retail Group Inc (NASDAQ:ASNA) from a strong sell rating to a sell rating in a research note released on Monday, July 31st.
ASNA has been the subject of a number of other reports. ValuEngine lowered Ascena Retail Group from a buy rating to a hold rating in a report on Friday, June 2nd. Telsey Advisory Group decreased their target price on Ascena Retail Group from $6.00 to $3.00 and set a market perform rating for the company in a report on Thursday, May 18th. Cowen and Company reiterated a market perform rating and issued a $2.00 target price (down from $6.00) on shares of Ascena Retail Group in a report 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 target on Ascena Retail Group and gave the stock a hold rating in a report on Monday, April 3rd. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Ascena Retail Group has an average rating of Hold and a consensus target price of $4.50.
Ascena Retail Group (NASDAQ ASNA) traded up 0.46% during midday trading on Monday, reaching $2.19. 2,064,460 shares of the company’s stock traded hands. The stock’s market cap is $420.26 million. Ascena Retail Group has a one year low of $1.65 and a one year high of $9.12. The stock’s 50 day moving average price is $2.23 and its 200-day moving average price is $3.34.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. Ascena Retail Group had a negative return on equity of 307.11% and a negative net margin of 65.86%. Ascena Retail Group’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Equities analysts predict that Ascena Retail Group will post $0.13 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the stock. Peak Capital Management LLC purchased a new stake in Ascena Retail Group during the second quarter valued at $108,000. Virtu KCG Holdings LLC increased its stake in Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 21,823 shares during the last quarter. BlueCrest Capital Management Ltd boosted its position in shares of Ascena Retail Group by 196.6% in the first quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock valued at $155,000 after buying an additional 24,132 shares during the period. Highbridge Capital Management LLC boosted its position in shares of Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 26,909 shares during the period. Finally, M&T Bank Corp boosted its position in shares of Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after buying an additional 1,739 shares during the period. 96.15% of the stock is owned by institutional investors and hedge funds.
Ascena Retail Group Company Profile
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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