Insider Selling: Ascena Retail Group CEO Sells 57,738 Shares of Stock (ASNA)
Ascena Retail Group (NASDAQ:ASNA) CEO Michael Rayden sold 57,738 shares of Ascena Retail Group stock on the open market in a transaction dated Friday, October 4th. The stock was sold at an average price of $20.79, for a total transaction of $1,200,373.02. Following the sale, the chief executive officer now directly owns 69,429 shares in the company, valued at approximately $1,443,429. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on ASNA shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Ascena Retail Group from $18.00 to $20.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets upgraded shares of Ascena Retail Group 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. Finally, analysts at Zacks upgraded shares of Ascena Retail Group 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. One equities research 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. Ascena Retail Group has an average rating of “Hold” and an average target price of $21.01.
Shares of Ascena Retail Group (NASDAQ:ASNA) traded down 0.49% during mid-day trading on Monday, hitting $20.49. The stock had a trading volume of 773,630 shares. Ascena Retail Group has a one year low of $15.95 and a one year high of $21.39. The stock’s 50-day moving average is $17.55 and its 200-day moving average is $18.. The company has a market cap of $3.230 billion and a price-to-earnings ratio of 22.24.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.