Ascena Retail Group Inc (NASDAQ:ASNA)‘s stock had its “hold” rating reiterated by analysts at Oppenheimer Holdings Inc. in a research note issued on Monday.
ASNA has been the topic of several other reports. RBC Capital Markets set a $6.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a report on Thursday, January 5th. FBR & Co set a $7.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a report on Wednesday, December 14th. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Cowen and Company reiterated a “market perform” rating and set a $6.00 target price (down from $7.00) on shares of Ascena Retail Group in a report on Thursday, January 19th. Finally, Goldman Sachs Group Inc started coverage on Ascena Retail Group in a report on Thursday, December 15th. They set a “neutral” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.78.
Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 4.55 on Monday. The company has a market cap of $869.90 million, a P/E ratio of 42.92 and a beta of 1.93. Ascena Retail Group has a 1-year low of $4.27 and a 1-year high of $11.26. The stock’s 50 day moving average price is $4.91 and its 200 day moving average price is $6.02.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, March 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. Ascena Retail Group had a return on equity of 4.50% and a net margin of 0.29%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company earned $0.01 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Equities research analysts forecast that Ascena Retail Group will post $0.39 earnings per share for the current year.
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In other Ascena Retail Group news, Chairman Elliot S. Jaffe sold 9,150 shares of Ascena Retail Group stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $7.61, for a total transaction of $69,631.50. Following the transaction, the chairman now directly owns 1,093,267 shares in the company, valued at $8,319,761.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC purchased a new stake in Ascena Retail Group during the fourth quarter valued at about $114,000. Waratah Capital Advisors Ltd. purchased a new stake in Ascena Retail Group during the fourth quarter valued at about $130,000. Amalgamated Bank increased its stake in Ascena Retail Group by 10.9% in the second quarter. Amalgamated Bank now owns 21,240 shares of the company’s stock valued at $161,000 after buying an additional 2,093 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Ascena Retail Group during the fourth quarter valued at about $165,000. Finally, Geduld E E purchased a new stake in Ascena Retail Group during the third quarter valued at about $168,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
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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