Equities analysts expect Ascena Retail Group (NASDAQ:ASNA) to announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Ascena Retail Group’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.09). Ascena Retail Group reported earnings of $0.05 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 300%. The firm is scheduled to issue its next earnings report on Thursday, June 14th.
Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Ascena Retail Group.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Ascena Retail Group had a positive return on equity of 2.02% and a negative net margin of 16.52%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm earned ($0.07) EPS. Ascena Retail Group’s quarterly revenue was down 1.7% on a year-over-year basis.
A number of analysts have weighed in on the company. BidaskClub cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, B. Riley lowered their price target on Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 6th. Nine research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $2.60.
A number of institutional investors and hedge funds have recently modified their holdings of ASNA. Towle & Co. increased its stake in Ascena Retail Group by 92.2% during the fourth quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock valued at $19,666,000 after acquiring an additional 4,015,210 shares during the period. Dimensional Fund Advisors LP increased its stake in Ascena Retail Group by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 15,118,083 shares of the specialty retailer’s stock valued at $30,387,000 after acquiring an additional 1,723,376 shares during the period. Renaissance Technologies LLC increased its stake in Ascena Retail Group by 1,559.1% during the fourth quarter. Renaissance Technologies LLC now owns 960,600 shares of the specialty retailer’s stock valued at $2,257,000 after acquiring an additional 902,700 shares during the period. ICM Asset Management Inc. WA increased its stake in Ascena Retail Group by 107.5% during the fourth quarter. ICM Asset Management Inc. WA now owns 1,521,935 shares of the specialty retailer’s stock valued at $3,577,000 after acquiring an additional 788,545 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Ascena Retail Group by 131.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,321,737 shares of the specialty retailer’s stock valued at $3,239,000 after purchasing an additional 750,401 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.
Shares of NASDAQ:ASNA traded up $0.03 on Friday, reaching $2.46. The company had a trading volume of 14,225 shares, compared to its average volume of 905,994. Ascena Retail Group has a twelve month low of $2.42 and a twelve month high of $2.47. The stock has a market capitalization of $453.21 million, a P/E ratio of 11.05 and a beta of 1.72. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.29 and a quick ratio of 0.64.
About Ascena Retail Group
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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