Ascena Retail Group Inc (NASDAQ:ASNA) had its target price reduced by Telsey Advisory Group from $6.00 to $3.00 in a report issued on Thursday, May 18th. Telsey Advisory Group currently has a market perform rating on the specialty retailer’s stock.
A number of other equities analysts have also weighed in on ASNA. Royal Bank of Canada lowered their price objective on Ascena Retail Group from $6.00 to $5.00 and set a sector perform rating on the stock in a research note on Thursday, January 19th. Cowen and Company reissued a market perform rating and set a $6.00 price objective (down previously from $7.00) on shares of Ascena Retail Group in a research note on Thursday, January 19th. Oppenheimer Holdings Inc. reissued a hold rating on shares of Ascena Retail Group in a research note on Wednesday, January 18th. Citigroup Inc lowered Ascena Retail Group from a neutral rating to a sell rating and set a $3.00 price objective on the stock. in a research note on Tuesday, March 7th. Finally, Zacks Investment Research raised Ascena Retail Group from a sell rating to a hold rating in a research note on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $5.17.
Ascena Retail Group (NASDAQ:ASNA) traded up 21.21% on Thursday, hitting $2.20. 8,205,737 shares of the company’s stock traded hands. Ascena Retail Group has a 12 month low of $1.65 and a 12 month high of $9.12. The stock has a 50 day moving average price of $2.84 and a 200-day moving average price of $4.63. The stock’s market cap is $429.00 million.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Ascena Retail Group had a return on equity of 4.50% and a net margin of 0.29%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Equities analysts predict that Ascena Retail Group will post $0.16 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of ASNA. FMR LLC purchased a new stake in Ascena Retail Group during the fourth quarter valued at about $2,035,000. Bank of Montreal Can increased its stake in shares of Ascena Retail Group by 6,135.7% in the first quarter. Bank of Montreal Can now owns 91,415 shares of the specialty retailer’s stock valued at $390,000 after buying an additional 89,949 shares during the period. Guggenheim Capital LLC increased its stake in shares of Ascena Retail Group by 200.5% in the fourth quarter. Guggenheim Capital LLC now owns 607,988 shares of the specialty retailer’s stock valued at $3,764,000 after buying an additional 405,687 shares during the period. Comerica Bank increased its stake in shares of Ascena Retail Group by 56.1% in the fourth quarter. Comerica Bank now owns 180,480 shares of the specialty retailer’s stock valued at $978,000 after buying an additional 64,834 shares during the period. Finally, Norges Bank bought a new stake in shares of Ascena Retail Group during the fourth quarter valued at $32,459,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.
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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