Ascena Retail Group Rating Lowered to Neutral at Citigroup Inc. (ASNA)
Ascena Retail Group (NASDAQ:ASNA) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Thursday, AnalystRatings.Net reports. They currently have a $30.00 price objective on the stock, down from their previous price objective of $34.00. Citigroup Inc.’s price target points to a potential upside of 41.78% from the company’s current price.
Ascena Retail Group (NASDAQ:ASNA) traded up 3.24% on Thursday, hitting $21.845. The stock had a trading volume of 1,568,002 shares. Ascena Retail Group has a 1-year low of $15.95 and a 1-year high of $22.00. The stock has a 50-day moving average of $20.85 and a 200-day moving average of $18.97. The company has a market cap of $3.481 billion and a price-to-earnings ratio of 21.68.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings data on Monday, December 2nd. The company reported $0.32 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.32. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.39 earnings per share. Ascena Retail Group’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that Ascena Retail Group will post $1.32 EPS for the current fiscal year.
A number of other firms have also recently commented on ASNA. Analysts at Goldman Sachs Group Inc. upgraded shares of Ascena Retail Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $30.00 price target on the stock, up previously from $21.00. Separately, analysts at Thomson Reuters/Verus downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at Thomson Reuters/Verus upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.76.
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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