A number of other brokerages have also weighed in on ASNA. BidaskClub raised Ascena Retail Group from a strong sell rating to a sell rating in a report on Monday, July 31st. Royal Bank Of Canada cut their price objective on Ascena Retail Group from $5.00 to $2.50 and set a sector perform rating on the stock in a report on Friday, October 6th. Zacks Investment Research raised Ascena Retail Group from a sell rating to a hold rating in a report on Monday, September 18th. FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the company a hold rating in a report on Tuesday, August 15th. Finally, B. Riley reissued a neutral rating on shares of Ascena Retail Group in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Ascena Retail Group currently has a consensus rating of Hold and an average target price of $3.50.
Ascena Retail Group (ASNA) traded up $0.15 during trading on Thursday, reaching $2.25. The company’s stock had a trading volume of 1,883,033 shares, compared to its average volume of 1,663,024. 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 52 week low of $1.65 and a 52 week high of $8.19. The stock has a market capitalization of $441.02, a PE ratio of 10.71 and a beta of 1.88.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. equities research analysts predict that Ascena Retail Group will post 0.23 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Texas Permanent School Fund grew its holdings in Ascena Retail Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 1,145 shares during the period. M&T Bank Corp grew its holdings in 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 purchasing an additional 1,739 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Ascena Retail Group by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock valued at $501,000 after purchasing an additional 3,217 shares during the period. Thrivent Financial For Lutherans grew its holdings in Ascena Retail Group by 4.6% in the second quarter. Thrivent Financial For Lutherans now owns 101,540 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 4,420 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Ascena Retail Group by 0.4% in the second quarter. Principal Financial Group Inc. now owns 1,317,805 shares of the specialty retailer’s stock valued at $2,833,000 after acquiring an additional 4,802 shares in the last quarter. 94.88% of the stock is currently owned by institutional investors.
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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