Ascena Retail Group Inc. (NASDAQ:ASNA) was downgraded by investment analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a report issued on Tuesday. They currently have a $7.00 price target on the stock, down from their prior price target of $15.00. FBR & Co’s price target would suggest a potential upside of 23.02% from the stock’s current price.

ASNA has been the subject of several other research reports. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target (down previously from $11.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company reiterated a “market perform” rating and set a $8.00 price target (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, RBC Capital Markets cut shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and set a $7.00 price target for the company. in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Ascena Retail Group has an average rating of “Hold” and a consensus price target of $11.58.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

Ascena Retail Group (NASDAQ:ASNA) traded down 29.93% on Tuesday, reaching $5.69. 28,162,253 shares of the company’s stock traded hands. The stock’s 50 day moving average is $7.96 and its 200 day moving average is $8.31. The firm’s market cap is $1.09 billion. Ascena Retail Group has a 52-week low of $5.66 and a 52-week high of $14.76.

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Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.08. The company earned $1.81 billion during the quarter. Ascena Retail Group had a negative net margin of 5.50% and a positive return on equity of 6.15%. The company’s quarterly revenue was up 54.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. On average, equities research analysts predict that Ascena Retail Group will post $0.83 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC bought a new position in shares of Ascena Retail Group during the second quarter worth $545,000. Royal Bank of Canada raised its position in shares of Ascena Retail Group by 53.9% in the second quarter. Royal Bank of Canada now owns 1,439,668 shares of the company’s stock worth $10,064,000 after buying an additional 504,346 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Ascena Retail Group by 30.9% in the second quarter. Public Employees Retirement System of Ohio now owns 24,790 shares of the company’s stock worth $173,000 after buying an additional 5,845 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Ascena Retail Group by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,013,290 shares of the company’s stock worth $7,083,000 after buying an additional 73,234 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Ascena Retail Group by 10.9% in the second quarter. Amalgamated Bank now owns 21,240 shares of the company’s stock worth $161,000 after buying an additional 2,093 shares during the last quarter. 94.47% of the stock is currently owned by hedge funds and other institutional investors.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines.

5 Day Chart for NASDAQ:ASNA

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