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Ascena Retail Group (NASDAQ:ASNA) shares reached a new 52-week low on Friday , Stock Ratings Network.com reports. The stock traded as low as $15.88 and last traded at $15.90, with a volume of 605,559 shares traded. The stock had previously closed at $16.06.

ASNA has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of Ascena Retail Group in a research note on Monday, July 21st. They set a “market perform” rating on the stock. Separately, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.12.

The stock has a 50-day moving average of $16.75 and a 200-day moving average of $17.59. The company has a market cap of $2.542 billion and a price-to-earnings ratio of 18.02.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings data 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. On average, analysts predict that Ascena Retail Group will post $1.04 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 Justice; Lane Bryant; maurices; dressbarn; and Catherines.

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