Ascena Retail Group Receives Consensus Rating of “Hold” from Analysts (NASDAQ:ASNA)
Ascena Retail Group (NASDAQ:ASNA) has received an average recommendation of “Hold” from the twelve analysts that are covering the stock, Analyst Ratings Net reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.37.
A number of analysts have recently weighed in on ASNA shares. Analysts at Avondale Partners upgraded shares of Ascena Retail Group from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $21.00 price target on the stock, up previously from $19.00. Separately, analysts at Susquehanna initiated coverage on shares of Ascena Retail Group in a research note on Wednesday, March 5th. They set a “positive” rating and a $24.00 price target on the stock. Finally, analysts at SunTrust cut their price target on shares of Ascena Retail Group from $23.00 to $22.00 in a research note on Tuesday, March 4th.
Shares of Ascena Retail Group (NASDAQ:ASNA) traded up 0.42% on Tuesday, hitting $17.945. 237,588 shares of the company’s stock traded hands. Ascena Retail Group has a 52-week low of $16.15 and a 52-week high of $23.14. The stock has a 50-day moving average of $17.14 and a 200-day moving average of $19.15. The company has a market cap of $2.872 billion and a price-to-earnings ratio of 20.42.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Ascena Retail Group will post $1.05 earnings per share for the current fiscal year.
Ascena Retail Group, Inc (NASDAQ:ASNA) is a national specialty retailer of apparel for women and teen girls operating, through its wholly owned subsidiaries, the dressbarn, maurices, and Justice brands.
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