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Ascena Retail Group (NASDAQ:ASNA) shares hit a new 52-week low on Monday , American Banking & Market News reports. The stock traded as low as $15.96 and last traded at $16.06, with a volume of 551,887 shares. The stock had previously closed at $16.24.

Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Ascena Retail Group from $24.00 to $21.00 in a research note on Thursday, June 5th. Separately, 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, June 4th. They now have a “market perform” rating on the stock. Finally, 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, June 4th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.71.

The stock has a 50-day moving average of $16.89 and a 200-day moving average of $17.94. The company has a market cap of $2.578 billion and a price-to-earnings ratio of 18.23.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly 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 $1.04 EPS 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 Justice; Lane Bryant; maurices; dressbarn; and Catherines.

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