BidaskClub upgraded shares of Ascena Retail Group (NASDAQ:ASNA) from a sell rating to a hold rating in a research note published on Wednesday morning.
Other analysts also recently issued research reports about the stock. B. Riley reissued a neutral rating on shares of Ascena Retail Group in a report on Wednesday, November 1st. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the company a hold rating in a report on Tuesday, October 17th. KeyCorp reaffirmed a hold rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Zacks Investment Research raised shares of Ascena Retail Group from a sell rating to a hold rating in a report on Tuesday, February 6th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. Ascena Retail Group has an average rating of Hold and a consensus price target of $2.75.
Ascena Retail Group (NASDAQ:ASNA) traded up $0.11 during midday trading on Wednesday, reaching $2.13. 1,532,600 shares of the company’s stock were exchanged, compared to its average volume of 2,121,241. The company has a quick ratio of 0.55, a current ratio of 1.36 and a debt-to-equity ratio of 2.24. The company has a market cap of $396.00, a P/E ratio of 14.43 and a beta of 1.93. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $5.43.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. The firm 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 2.50%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. research analysts forecast that Ascena Retail Group will post 0.15 earnings per share for the current fiscal year.
In other news, Director Krill Katherine Lawther sold 19,400 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the sale, the director now owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.02% of the company’s stock.
A number of large investors have recently modified their holdings of ASNA. Teacher Retirement System of Texas lifted its stake in Ascena Retail Group by 298.9% in the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Ascena Retail Group in the 3rd quarter valued at approximately $133,000. Virtu KCG Holdings LLC lifted its stake in Ascena Retail Group by 47.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after purchasing an additional 21,823 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Ascena Retail Group in the 3rd quarter valued at approximately $172,000. Finally, Stone Ridge Asset Management LLC bought a new position in Ascena Retail Group in the 4th quarter valued at approximately $181,000. 95.23% of the stock is owned by institutional investors and hedge funds.
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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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