Ascena Retail Group (NASDAQ:ASNA) had its target price decreased by B. Riley from $3.00 to $2.50 in a report issued on Tuesday morning. B. Riley currently has a neutral rating on the specialty retailer’s stock. B. Riley also issued estimates for Ascena Retail Group’s Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.21 EPS.
Several other analysts also recently commented on the stock. KeyCorp reaffirmed a hold rating on shares of Ascena Retail Group in a research report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Tuesday, October 10th. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. Finally, Royal Bank Of Canada set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Saturday, October 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $3.36.
Shares of Ascena Retail Group (ASNA) traded down $0.51 during mid-day trading on Tuesday, hitting $2.10. 13,140,300 shares of the stock traded hands, compared to its average volume of 3,205,219. The firm has a market cap of $511.66, a P/E ratio of 18.64 and a beta of 1.96. Ascena Retail Group has a one year low of $1.65 and a one year high of $8.19. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.32%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. equities analysts expect that Ascena Retail Group will post 0.23 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position in Ascena Retail Group by 1.2% in the 3rd quarter. Sterling Capital Management LLC now owns 4,865,249 shares of the specialty retailer’s stock valued at $11,920,000 after purchasing an additional 55,539 shares during the period. California Public Employees Retirement System grew its position in Ascena Retail Group by 41.8% in the 3rd quarter. California Public Employees Retirement System now owns 1,752,142 shares of the specialty retailer’s stock valued at $4,293,000 after purchasing an additional 516,883 shares during the period. Tenzing Global Management LLC acquired a new stake in Ascena Retail Group in the 3rd quarter valued at $1,593,000. Boothbay Fund Management LLC acquired a new stake in Ascena Retail Group in the 3rd quarter valued at $133,000. Finally, Royce & Associates LP grew its position in Ascena Retail Group by 50.1% in the 3rd quarter. Royce & Associates LP now owns 919,468 shares of the specialty retailer’s stock valued at $2,253,000 after purchasing an additional 306,950 shares during the period. 95.06% of the stock is owned by institutional investors and hedge funds.
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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