Media stories about Ascena Retail Group (NASDAQ:ASNA) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ascena Retail Group earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 45.4341005048114 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Ascena Retail Group Inc (ASNA) Expected to Earn Q3 2018 Earnings of $0.09 Per Share (americanbankingnews.com)
- Top-notch Stocks to Watch: Ascena Retail Group, Inc. (ASNA), Axsome Therapeutics, Inc. (AXSM) – Market Movers (financialqz.com)
- ascena retail group names Eric Hunter as President, Plus Fashion segment including Lane Bryant, Catherines and Cacique brands (eprretailnews.com)
- Short Interest in Ascena Retail Group Inc (ASNA) Expands By 1.9% (americanbankingnews.com)
- Ascena Loses 2% in 3 Days: Soft Holiday Season to Blame? (finance.yahoo.com)
Shares of Ascena Retail Group (ASNA) traded up $0.04 during mid-day trading on Friday, hitting $2.05. 2,842,000 shares of the stock traded hands, compared to its average volume of 2,907,288. The company has a market cap of $418.54, a P/E ratio of -0.37 and a beta of 1.96. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $5.94. The company has a quick ratio of 0.55, a current ratio of 1.36 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, meeting the Thomson Reuters’ consensus estimate of $0.11. The firm had revenue of $1.59 billion for 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 2.50%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. equities analysts expect that Ascena Retail Group will post 0.15 earnings per share for the current year.
Several research analysts have weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Ascena Retail Group in a research report on Wednesday, November 1st. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the stock a “hold” rating in a research report on Tuesday, October 17th. KeyCorp reiterated a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $2.75.
In other news, Director Krill Katherine Lawther sold 19,400 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. Following the sale, the director now directly owns 108,957 shares in the company, valued at approximately $253,869.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.02% of the stock is owned by company insiders.
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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.
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