Ascena Retail Group Inc (ASNA) Given Consensus Recommendation of “Hold” by Analysts

Ascena Retail Group Inc (NASDAQ:ASNA) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $2.75.

A number of analysts have commented on the company. B. Riley reiterated a “neutral” rating on shares of Ascena Retail Group in a research report on Wednesday, November 1st. BidaskClub upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th.

Ascena Retail Group (ASNA) traded down $0.02 on Tuesday, reaching $2.20. The company’s stock had a trading volume of 1,835,116 shares, compared to its average volume of 1,867,155. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.55 and a current ratio of 1.36. The stock has a market capitalization of $431.29, a P/E ratio of -0.40 and a beta of 1.93. Ascena Retail Group has a one year low of $1.65 and a one year high of $5.43.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.11. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. Ascena Retail Group’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. equities analysts anticipate that Ascena Retail Group will post 0.15 EPS for the current fiscal year.

In other news, Director Krill Katherine Lawther sold 19,400 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $2.33, for a total value of $45,202.00. Following the sale, the director now directly owns 108,957 shares in the company, valued at $253,869.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.02% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Towle & Co. lifted its position in Ascena Retail Group by 92.2% during the fourth quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock worth $19,666,000 after buying an additional 4,015,210 shares during the period. Vanguard Group Inc. boosted its position in Ascena Retail Group by 14.5% during the second quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock valued at $35,763,000 after purchasing an additional 2,101,044 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ascena Retail Group by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,899,897 shares of the specialty retailer’s stock valued at $32,035,000 after purchasing an additional 1,647,310 shares during the last quarter. Okumus Fund Management Ltd. acquired a new stake in Ascena Retail Group during the third quarter valued at $2,227,000. Finally, Renaissance Technologies LLC boosted its position in Ascena Retail Group by 1,559.1% during the fourth quarter. Renaissance Technologies LLC now owns 960,600 shares of the specialty retailer’s stock valued at $2,257,000 after purchasing an additional 902,700 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

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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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