Ascena Retail Group (ASNA) Earns Media Sentiment Score of 0.20

News articles about Ascena Retail Group (NASDAQ:ASNA) have trended somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ascena Retail Group earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the specialty retailer an impact score of 45.4728617903432 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

A number of equities research analysts have recently issued reports on ASNA shares. BidaskClub raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Tuesday, October 17th. KeyCorp reissued 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 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Saturday, October 7th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.75.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded up $0.02 on Wednesday, reaching $2.11. 2,322,600 shares of the company traded hands, compared to its average volume of 2,849,250. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $5.94. The stock has a market cap of $421.49, a P/E ratio of -0.38 and a beta of 1.96. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.55 and a current ratio of 1.36.

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

In related news, Director Krill Katherine Lawther sold 195,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $2.45, for a total transaction of $479,220.00. Following the sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $266,944.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.02% of the stock is owned by corporate 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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