Ascena Retail Group Inc (NASDAQ:ASNA) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 44,214,316 shares, a growth of 3.9% from the July 13th total of 42,570,569 shares. Based on an average daily trading volume, of 1,866,646 shares, the short-interest ratio is presently 23.7 days. Currently, 28.3% of the company’s stock are sold short.
Ascena Retail Group stock opened at $4.28 on Friday. Ascena Retail Group has a 1-year low of $1.69 and a 1-year high of $4.74. The firm has a market capitalization of $806.44 million, a price-to-earnings ratio of 19.23 and a beta of 1.66. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.57 and a current ratio of 1.28.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Wednesday, June 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Ascena Retail Group had a negative net margin of 1.37% and a negative return on equity of 1.08%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. equities research analysts predict that Ascena Retail Group will post -0.06 EPS for the current year.
A number of research firms have weighed in on ASNA. Zacks Investment Research lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 4th. B. Riley raised their price objective on shares of Ascena Retail Group to $3.50 and gave the company a “neutral” rating in a research note on Tuesday, June 5th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Ascena Retail Group in a research note on Tuesday, June 5th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $3.44.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Ascena Retail Group by 384.8% during the first quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 44,168 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Ascena Retail Group during the second quarter valued at about $144,000. MetLife Investment Advisors LLC lifted its position in shares of Ascena Retail Group by 201.0% during the first quarter. MetLife Investment Advisors LLC now owns 84,485 shares of the specialty retailer’s stock valued at $170,000 after purchasing an additional 56,415 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Ascena Retail Group by 28.6% during the first quarter. Wedge Capital Management L L P NC now owns 136,858 shares of the specialty retailer’s stock valued at $275,000 after purchasing an additional 30,417 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Ascena Retail Group during the second quarter valued at about $391,000. 92.25% of the stock is currently owned by institutional investors.
Ascena Retail Group Company Profile
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
Featured Story: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for Ascena Retail Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ascena Retail Group and related companies with MarketBeat.com’s FREE daily email newsletter.