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Equities researchers at FBR Capital Markets hoisted their target price on shares of Ascena Retail Group (NASDAQ:ASNA) from $18.00 to $21.00 in a research report issued on Tuesday, AR Network reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target suggests a potential downside of 5.41% from the stock’s previous close.

ASNA has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. downgraded shares of Ascena Retail Group from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $30.00 price target on the stock, down previously from $34.00. Separately, 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, January 2nd. They now have a $30.00 price target on the stock, up previously from $21.00. Finally, 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, December 30th. 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 company. The company presently has an average rating of “Hold” and a consensus target price of $24.14.

Ascena Retail Group (NASDAQ:ASNA) traded down 1.51% on Tuesday, hitting $22.20. 1,776,335 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 $23.14. The stock’s 50-day moving average is $21.00 and its 200-day moving average is $19.12. The company has a market cap of $3.538 billion and a P/E ratio of 23.09.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings data on Monday, December 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the 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.

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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