Ascena Retail Group (ASNA) Given New $2.50 Price Target at B. Riley – The Ledger Gazette

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Ascena Retail Group (NASDAQ:ASNA) had its target price decreased by B. Riley from $3.00 to $2.50 in a report issued on Tuesday morning. B. Riley currently has a neutral rating on the specialty retailer’s stock. B. Riley also issued estimates for Ascena Retail Group’s Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.21 EPS.

Several other analysts also recently commented on the stock. KeyCorp reaffirmed a hold rating on shares of Ascena Retail Group in a research report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Tuesday, October 10th. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. Finally, Royal Bank Of Canada set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Saturday, October 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $3.36.





Shares of Ascena Retail Group (ASNA) traded down $0.51 during mid-day trading on Tuesday, hitting $2.10. 13,140,300 shares of the stock traded hands, compared to its average volume of 3,205,219. The firm has a market cap of $511.66, a P/E ratio of 18.64 and a beta of 1.96. Ascena Retail Group has a one year low of $1.65 and a one year high of $8.19. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24.





Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.32%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. equities analysts expect that Ascena Retail Group will post 0.23 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position in Ascena Retail Group by 1.2% in the 3rd quarter. Sterling Capital Management LLC now owns 4,865,249 shares of the specialty retailer’s stock valued at $11,920,000 after purchasing an additional 55,539 shares during the period. California Public Employees Retirement System grew its position in Ascena Retail Group by 41.8% in the 3rd quarter. California Public Employees Retirement System now owns 1,752,142 shares of the specialty retailer’s stock valued at $4,293,000 after purchasing an additional 516,883 shares during the period. Tenzing Global Management LLC acquired a new stake in Ascena Retail Group in the 3rd quarter valued at $1,593,000. Boothbay Fund Management LLC acquired a new stake in Ascena Retail Group in the 3rd quarter valued at $133,000. Finally, Royce & Associates LP grew its position in Ascena Retail Group by 50.1% in the 3rd quarter. Royce & Associates LP now owns 919,468 shares of the specialty retailer’s stock valued at $2,253,000 after purchasing an additional 306,950 shares during the period. 95.06% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)







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