Shares of Ascena Retail Group Inc (NASDAQ:ASNA) gapped up prior to trading on Thursday . The stock had previously closed at $2.96, but opened at $2.97. Ascena Retail Group shares last traded at $2.66, with a volume of 135702 shares changing hands.
Several analysts have issued reports on ASNA shares. BidaskClub downgraded shares of Ascena Retail Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 15th. Citigroup upped their price target on shares of Ascena Retail Group from $1.50 to $2.00 and gave the company a “sell” rating in a report on Wednesday, September 26th. Zacks Investment Research raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, October 16th. B. Riley reaffirmed a “neutral” rating on shares of Ascena Retail Group in a report on Wednesday, November 14th. Finally, Telsey Advisory Group reduced their price target on shares of Ascena Retail Group from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.81.
The company has a current ratio of 1.28, a quick ratio of 0.55 and a debt-to-equity ratio of 1.64. The company has a market cap of $517.28 million, a PE ratio of -123.50 and a beta of 1.61.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, December 10th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ascena Retail Group had a negative net margin of 0.61% and a negative return on equity of 1.70%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Analysts anticipate that Ascena Retail Group Inc will post 0.07 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio lifted its stake in shares of Ascena Retail Group by 28.6% during the second quarter. Strs Ohio now owns 177,200 shares of the specialty retailer’s stock valued at $706,000 after buying an additional 39,400 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in Ascena Retail Group during the second quarter worth approximately $339,000. Royce & Associates LP increased its position in Ascena Retail Group by 12.0% during the second quarter. Royce & Associates LP now owns 1,382,466 shares of the specialty retailer’s stock worth $5,509,000 after purchasing an additional 147,998 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Ascena Retail Group during the second quarter worth approximately $408,000. Finally, Canada Pension Plan Investment Board increased its position in Ascena Retail Group by 40.2% during the second quarter. Canada Pension Plan Investment Board now owns 2,026,400 shares of the specialty retailer’s stock worth $8,075,000 after purchasing an additional 581,400 shares during the last quarter. 98.73% of the stock is currently owned by institutional investors and hedge funds.
Ascena Retail Group Company Profile (NASDAQ:ASNA)
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 four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
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