Ascena Retail Group Upgraded to “Buy” by Goldman Sachs Group Inc. (ASNA)
Ascena Retail Group (NASDAQ:ASNA) was upgraded by Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. 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 Telsey Advisory Group raised their price target on shares of Ascena Retail Group from $21.00 to $24.00 in a research note to investors on Tuesday, December 3rd. They now have a “not rated” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Ascena Retail Group has a consensus rating of “Hold” and an average price target of $21.59.
Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 21.16 on Thursday. Ascena Retail Group has a 52-week low of $15.95 and a 52-week 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 $3.372 billion and a P/E ratio of 21.98.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, December 2nd. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Ascena Retail Group will post $1.32 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.
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