Ascena Retail Group PT Lowered to $21.00 (ASNA)
Susquehanna decreased their price objective on shares of Ascena Retail Group (NASDAQ:ASNA) from $24.00 to $21.00 in a research note issued on Thursday. Susquehanna’s price objective would suggest a potential upside of 27.58% from the company’s current price.
Shares of Ascena Retail Group (NASDAQ:ASNA) traded up 0.30% on Thursday, hitting $16.51. The stock had a trading volume of 1,483,700 shares. Ascena Retail Group has a 1-year low of $16.11 and a 1-year high of $23.14. The stock’s 50-day moving average is $17.09 and its 200-day moving average is $18.78. The company has a market cap of $2.642 billion and a price-to-earnings ratio of 18.81.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Tuesday, June 3rd. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that Ascena Retail Group will post $1.05 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ASNA. Analysts at FBR Capital Markets cut their price target on shares of Ascena Retail Group from $21.00 to $17.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Ascena Retail Group from $23.00 to $18.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Ascena Retail Group from $25.00 to $23.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.01.
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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