News stories about Ascena Retail Group (NASDAQ:ASNA) have trended somewhat negative recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ascena Retail Group earned a news sentiment score of -0.03 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 47.2615202970901 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- The story behind the curtains – New Residential Investment Corp. (NRZ), Ascena Retail Group, Inc. (ASNA) – NMSU Nеws (nmsunews.com)
- Ascena Retail Group, Inc. (ASNA) predicted 128.60% EPS growth for next year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Today’s Hot Stock Under Review – Ascena Retail Group Inc … – Alpha Beta Stock (alphabetastock.com)
- Trending Hot Stock’s Analysis – Ascena Retail Group, Inc. (NASDAQ: ASNA) – The Investor Guide (wallstreetnews24.com)
- Ascena Retail Group, Inc., (NASDAQ: ASNA) – Technical Indicators & Active Traders – Stock Watch (stocksnewstimes.com)
Shares of Ascena Retail Group (ASNA) traded down $0.06 during midday trading on Friday, reaching $1.91. 833,892 shares of the company traded hands, compared to its average volume of 1,924,288. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.29 and a quick ratio of 0.64. The company has a market capitalization of $404.16, a price-to-earnings ratio of -0.35 and a beta of 1.76. Ascena Retail Group has a 12 month low of $1.65 and a 12 month high of $4.50.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ascena Retail Group had a negative net margin of 16.52% and a positive return on equity of 2.02%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. analysts predict that Ascena Retail Group will post -0.06 EPS for the current fiscal year.
Several research analysts have recently weighed in on ASNA shares. BidaskClub raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. 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, B. Riley decreased their price objective on shares of Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $2.60.
In related news, Director Krill Katherine Lawther sold 195,600 shares of the business’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 completion of the sale, the director now directly owns 108,957 shares in the company, valued at $266,944.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.02% of the company’s stock.
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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