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Ascena Retail Group (NASDAQ:ASNA) shares hit a new 52-week low during mid-day trading on Friday , AR Network reports. The company traded as low as $15.63 and last traded at $15.73, with a volume of 317,496 shares changing hands. The stock had previously closed at $15.84.

A number of analysts have recently weighed in on ASNA shares. 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.38.

The stock has a 50-day moving average of $16.48 and a 200-day moving average of $17.33. The company has a market cap of $2.529 billion and a price-to-earnings ratio of 17.78.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.26 earnings per share. Ascena Retail Group’s revenue was up .3% compared to the same quarter last year. 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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