Ascena Retail Group Price Target Increased to $20.00 by Analysts at JPMorgan Chase & Co. (ASNA)
Equities researchers at JPMorgan Chase & Co. boosted their target price on shares of Ascena Retail Group (NASDAQ:ASNA) from $18.00 to $20.00 in a research report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 0.35% from the stock’s previous close.
Shares of Ascena Retail Group (NASDAQ:ASNA) traded down 0.40% on Monday, hitting $19.93. 1,830,031 shares of the company’s stock traded hands. Ascena Retail Group has a one year low of $15.95 and a one year high of $21.42. The stock’s 50-day moving average is $17.21 and its 200-day moving average is $18.22. The company has a market cap of $3.142 billion and a price-to-earnings ratio of 21.61.
Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.13. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. On average, analysts predict that Ascena Retail Group will post $1.31 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets upgraded shares of Ascena Retail Group (NASDAQ:ASNA) from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, September 25th. They now have a $18.00 price target on the stock, up previously from $15.00. Separately, analysts at Zacks upgraded shares of Ascena Retail Group (NASDAQ:ASNA) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $19.10 price target on the stock. Finally, analysts at FBR & Co. downgraded shares of Ascena Retail Group (NASDAQ:ASNA) from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.01.
Ascena Retail Group, Inc (NASDAQ:ASNA) is a national specialty retailer of apparel for women and tween girls operating, through its wholly owned subsidiaries, the dressbarn, maurices, and Justice brands.
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