Ascena Retail Group, Inc. (ASNA) Lifted to Sell at BidaskClub – Rincon Hill News

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BidaskClub upgraded shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) from a strong sell rating to a sell rating in a report released on Monday, July 31st.

ASNA has been the topic of several other research reports. Royal Bank Of Canada set a $5.00 price target on shares of Ascena Retail Group and gave the company a hold rating in a report on Monday, June 12th. Cowen and Company reissued a market perform rating and issued a $2.00 price target (down previously from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. ValuEngine lowered shares of Ascena Retail Group from a buy rating to a hold rating in a report on Friday, June 2nd. Telsey Advisory Group lowered their price target on shares of Ascena Retail Group from $6.00 to $3.00 and set a market perform rating on the stock in a report on Thursday, May 18th. Finally, Zacks Investment Research downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock currently has an average rating of Hold and an average price target of $4.50.




Ascena Retail Group (ASNA) opened at 2.19 on Monday. The company’s market capitalization is $420.26 million. The stock has a 50 day moving average of $2.23 and a 200-day moving average of $3.34. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $9.12.


Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Ascena Retail Group had a negative net margin of 15.25% and a positive return on equity of 2.96%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities analysts forecast that Ascena Retail Group will post $0.13 earnings per share for the current year.

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Several large investors have recently modified their holdings of the stock. Peak Capital Management LLC bought a new position in shares of Ascena Retail Group during the second quarter valued at about $108,000. Virtu KCG Holdings LLC increased its position in shares of Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 21,823 shares during the period. BlueCrest Capital Management Ltd increased its position in shares of Ascena Retail Group by 196.6% in the first quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock valued at $155,000 after buying an additional 24,132 shares during the period. Highbridge Capital Management LLC increased 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 valued at $167,000 after buying an additional 26,909 shares during the period. Finally, M&T Bank Corp increased its position in shares of Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after buying an additional 1,739 shares during the period. Institutional investors own 96.15% of the company’s stock.

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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)





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