Press coverage about Ascena Retail Group (NASDAQ:ASNA) has trended very positive on Friday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ascena Retail Group earned a media sentiment score of 0.51 on Alpha One’s scale. Alpha One also gave news stories about the specialty retailer an impact score of 65 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected AlphaOne Sentiment’s scoring:
A number of brokerages recently weighed in on ASNA. Royal Bank of Canada set a $5.00 target price on shares of Ascena Retail Group and gave the stock a “sector perform” rating in a report on Thursday, January 19th. Cowen and Company restated 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. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Ascena Retail Group in a report on Monday, March 6th. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Finally, Guggenheim began coverage on shares of Ascena Retail Group in a report on Thursday, March 9th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.83.
Ascena Retail Group (NASDAQ:ASNA) opened at 4.05 on Friday. The firm has a market capitalization of $776.34 million, a P/E ratio of 112.50 and a beta of 1.93. Ascena Retail Group has a 12-month low of $3.53 and a 12-month high of $9.79. The firm has a 50 day moving average of $4.06 and a 200 day moving average of $5.28.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, March 6th. The specialty retailer reported ($0.07) earnings per share for the quarter, topping the 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 company earned $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted $0.01 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts forecast that Ascena Retail Group will post $0.38 EPS for the current fiscal year.
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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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