Equities analysts expect Ascena Retail Group Inc (NASDAQ:ASNA) to announce earnings of $0.11 per share for the current quarter, according to Zacks. Five analysts have made estimates for Ascena Retail Group’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.08. Ascena Retail Group posted earnings of $0.15 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 26.7%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 30th.
Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Ascena Retail Group.
Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Monday, March 6th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, beating 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 company earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.01 EPS. Ascena Retail Group’s revenue was down 5.1% on a year-over-year basis.
A number of research analysts have recently issued reports on the company. Royal Bank of Canada set a $6.00 target price on Ascena Retail Group and gave the company a “hold” rating in a research report on Thursday, January 5th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Ascena Retail Group in a research report on Tuesday, January 10th. Cowen and Company reiterated a “market perform” rating and set a $6.00 target price (down previously from $7.00) on shares of Ascena Retail Group in a research report on Thursday, January 19th. Guggenheim assumed coverage on Ascena Retail Group in a research report on Thursday, March 9th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.83.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC purchased a new position in shares of Ascena Retail Group during the fourth quarter worth $114,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Ascena Retail Group during the fourth quarter worth $130,000. Boothbay Fund Management LLC purchased a new position in shares of Ascena Retail Group during the fourth quarter worth $165,000. Highbridge Capital Management LLC raised its position in shares of 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 worth $167,000 after buying an additional 26,909 shares during the last quarter. Finally, TradeLink Capital LLC raised its position in shares of Ascena Retail Group by 124.7% in the third quarter. TradeLink Capital LLC now owns 49,508 shares of the specialty retailer’s stock worth $277,000 after buying an additional 27,477 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.
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Shares of Ascena Retail Group (NASDAQ:ASNA) traded down 1.48% on Tuesday, reaching $3.99. 3,261,839 shares of the company were exchanged. Ascena Retail Group has a 52 week low of $3.53 and a 52 week high of $9.79. The company has a market capitalization of $764.84 million, a price-to-earnings ratio of 110.83 and a beta of 1.93. The company’s 50-day moving average is $4.04 and its 200-day moving average is $5.27.
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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