KeyCorp Reaffirms Hold Rating for Ascena Retail Group, Inc. (ASNA)

KeyCorp reiterated their hold rating on shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) in a research note released on Thursday.

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.

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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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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