Ascena Retail Group Inc (NASDAQ:ASNA) – Equities research analysts at KeyCorp decreased their Q1 2018 earnings per share estimates for Ascena Retail Group in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst E. Yruma now expects that the brokerage will post earnings of $0.24 per share for the quarter, down from their prior estimate of $0.29. KeyCorp also issued estimates for Ascena Retail Group’s Q3 2018 earnings at $0.12 EPS and Q4 2018 earnings at $0.19 EPS.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, March 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Q1 2018 EPS Estimates for Ascena Retail Group Inc (ASNA) Reduced by Analyst” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/03/30/ascena-retail-group-inc-asna-to-post-q1-2018-earnings-of-0-24-per-share-keycorp-forecasts-updated.html.
A number of other equities research analysts have also recently commented on the company. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Ascena Retail Group in a report on Tuesday, January 10th. Royal Bank of Canada set a $6.00 price target on Ascena Retail Group and gave the company a “hold” rating in a report on Thursday, January 5th. Citigroup Inc cut Ascena Retail Group from a “neutral” rating to a “sell” rating and set a $3.00 price target on the stock. in a report on Tuesday, March 7th. Cowen and Company reissued a “market perform” rating and set a $7.00 price target on shares of Ascena Retail Group in a report on Sunday, December 4th. Finally, Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. 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 stock. The company currently has an average rating of “Hold” and an average target price of $7.57.
Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 4.21 on Wednesday. The company’s 50-day moving average price is $4.52 and its 200 day moving average price is $5.57. The stock has a market capitalization of $807.01 million, a PE ratio of 116.94 and a beta of 1.93. Ascena Retail Group has a one year low of $3.53 and a one year high of $11.26.
A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Ascena Retail Group during the fourth quarter valued at about $32,459,000. Two Sigma Investments LP boosted its stake in shares of Ascena Retail Group by 1,260.4% in the fourth quarter. Two Sigma Investments LP now owns 1,980,255 shares of the company’s stock valued at $12,258,000 after buying an additional 1,834,691 shares during the period. Coliseum Capital Management LLC boosted its stake in shares of Ascena Retail Group by 38.6% in the second quarter. Coliseum Capital Management LLC now owns 5,624,132 shares of the company’s stock valued at $39,313,000 after buying an additional 1,565,716 shares during the period. Numeric Investors LLC purchased a new stake in shares of Ascena Retail Group during the fourth quarter valued at about $7,565,000. Finally, Oxford Asset Management purchased a new stake in shares of Ascena Retail Group during the fourth quarter valued at about $5,267,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ascena Retail Group Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ascena Retail Group Inc and related companies with MarketBeat.com’s FREE daily email newsletter.