Press coverage about Ascena Retail Group (NASDAQ:ASNA) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ascena Retail Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 46.0443384931504 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Ascena Retail Group, Inc. – Value Analysis (NASDAQ:ASNA) : November 20, 2017 (finance.yahoo.com)
- Ascena Retail Group’s (ASNA) Hold Rating Reaffirmed at KeyCorp (americanbankingnews.com)
- Robert LaCommare, CFI Promoted to Vice President of Asset Protection & Safety with Ascena Retail Group (losspreventionmedia.com)
- Ascena Retail Group, Inc. breached its 50 day moving average in a Bullish Manner : ASNA-US : November 17, 2017 (finance.yahoo.com)
- Lane Bryant and Catherines Launch New Campaign in Support of Nationwide Childrens Hospital (abc-7.com)
A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. KeyCorp reissued a “hold” rating on shares of Ascena Retail Group in a research report on Wednesday, October 11th. Royal Bank Of Canada set a $3.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Saturday, October 7th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $3.50.
Shares of Ascena Retail Group (NASDAQ ASNA) traded up $0.06 during midday trading on Tuesday, reaching $2.31. 2,439,300 shares of the company’s stock traded hands, compared to its average volume of 3,172,711. 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 twelve month low of $1.65 and a twelve month high of $8.19. The firm has a market cap of $441.02, a PE ratio of 10.71 and a beta of 1.87.
Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, September 25th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business posted $0.08 EPS. The business’s revenue was down 8.5% compared to the same quarter last year. sell-side analysts forecast that Ascena Retail Group will post 0.23 earnings per share for the current fiscal year.
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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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