Shares of Ascena Retail Group Inc (NASDAQ:ASNA) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.83.
A number of research firms recently commented on ASNA. Royal Bank of Canada set a $5.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Monday, April 3rd. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Ascena Retail Group in a report on Tuesday, January 10th. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Citigroup Inc downgraded shares of Ascena Retail Group from a “neutral” rating to a “sell” rating and set a $3.00 target price on the stock. 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 issued a “neutral” rating on the stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASNA. Sanders Morris Harris Inc. purchased a new position in Ascena Retail Group during the first quarter valued at $1,208,000. Louisiana State Employees Retirement System increased its position in Ascena Retail Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer’s stock valued at $294,000 after buying an additional 900 shares during the period. Bank of Montreal Can increased its position in Ascena Retail Group by 6,135.7% in the first quarter. Bank of Montreal Can now owns 91,415 shares of the specialty retailer’s stock valued at $390,000 after buying an additional 89,949 shares during the period. Highbridge Capital Management LLC increased its position in Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 26,909 shares during the period. Finally, Norges Bank purchased a new position in Ascena Retail Group during the fourth quarter valued at $32,459,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ascena Retail Group (NASDAQ:ASNA) traded up 5.74% during mid-day trading on Monday, reaching $4.05. The company’s stock had a trading volume of 5,326,902 shares. The company has a market capitalization of $776.34 million, a price-to-earnings ratio of 112.50 and a beta of 1.93. The firm’s 50 day moving average price is $4.06 and its 200-day moving average price is $5.28. Ascena Retail Group has a 1-year low of $3.53 and a 1-year high of $9.79.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, March 6th. The specialty retailer reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Ascena Retail Group had a net margin of 0.29% and a return on equity of 4.50%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm earned $0.01 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts predict that Ascena Retail Group will post $0.38 EPS for the current year.
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.
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.