Ascena Retail Group (NASDAQ:ASNA) had its target price increased by B. Riley from $3.50 to $4.50 in a research note issued to investors on Wednesday, August 15th. They currently have a neutral rating on the specialty retailer’s stock. B. Riley also issued estimates for Ascena Retail Group’s Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at ($0.12) EPS, Q3 2019 earnings at ($0.03) EPS and Q4 2019 earnings at $0.07 EPS.
A number of other analysts have also recently issued reports on the company. BidaskClub upgraded Ascena Retail Group from a buy rating to a strong-buy rating in a report on Wednesday, August 15th. Zacks Investment Research cut Ascena Retail Group from a buy rating to a hold rating in a report on Tuesday, August 7th. Finally, Guggenheim reiterated a hold rating on shares of Ascena Retail Group in a report on Tuesday, June 5th. Seven investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $3.69.
ASNA stock traded up $0.11 during trading on Wednesday, hitting $4.49. The stock had a trading volume of 2,263,400 shares, compared to its average volume of 2,204,253. Ascena Retail Group has a 1-year low of $1.69 and a 1-year high of $5.28. The company has a current ratio of 1.28, a quick ratio of 0.57 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $896.70 million, a price-to-earnings ratio of 20.41 and a beta of 1.70.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Wednesday, June 6th. The specialty retailer reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.05 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. research analysts predict that Ascena Retail Group will post -0.06 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new stake in shares of Ascena Retail Group during the 2nd quarter valued at approximately $100,000. Jane Street Group LLC increased its position in Ascena Retail Group by 384.8% in the first quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock worth $112,000 after buying an additional 44,168 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Ascena Retail Group in the second quarter worth $144,000. MetLife Investment Advisors LLC increased its position in Ascena Retail Group by 201.0% in the first quarter. MetLife Investment Advisors LLC now owns 84,485 shares of the specialty retailer’s stock worth $170,000 after buying an additional 56,415 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in Ascena Retail Group in the second quarter worth $173,000. Institutional investors own 94.96% of the company’s stock.
About Ascena Retail Group
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.
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