Ascena Retail Group Inc (ASNA) Upgraded by BidaskClub to “Sell”

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.

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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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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