Media stories about Ascena Retail Group (NASDAQ:ASNA) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ascena Retail Group earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 45.3482827043419 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- 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 (NASDAQ:ASNA) traded up $0.04 during mid-day trading on Friday, reaching $2.09. The company’s stock had a trading volume of 2,910,000 shares, compared to its average volume of 3,290,000. 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 has a 12-month low of $1.65 and a 12-month high of $5.94. The company has a market capitalization of $409.72, a P/E ratio of -0.38 and a beta of 1.96.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was down 5.3% on a year-over-year basis. equities analysts forecast that Ascena Retail Group will post 0.15 EPS for the current year.
Several equities research analysts have recently weighed in on ASNA shares. BidaskClub upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. FBR & Co set a $3.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research note on Wednesday, October 11th. Royal Bank of Canada set a $3.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a research note on Saturday, October 7th. Finally, ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $2.75.
In related news, Director Krill Katherine Lawther sold 19,400 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the transaction, the director now owns 108,957 shares in the company, valued at $253,869.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 8.02% 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.
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