Ascena Retail Group Inc. (NASDAQ:ASNA) had its price objective reduced by Cowen and Company from $8.00 to $7.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “market perform” rating on the stock. Cowen and Company’s target price would indicate a potential upside of 23.02% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Oppenheimer Holdings Inc. lowered shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. Citigroup Inc. cut their price objective on shares of Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday. FBR & Co lowered shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $15.00 to $7.00 in a report on Tuesday. RBC Capital Markets lowered shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and set a $7.00 price objective on the stock. in a report on Tuesday. Finally, Telsey Advisory Group cut their price target on shares of Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ascena Retail Group currently has an average rating of “Hold” and an average price target of $11.58.

Ascena Retail Group (NASDAQ:ASNA) traded down 29.93% on Tuesday, reaching $5.69. 28,147,693 shares of the company’s stock traded hands. The firm’s market capitalization is $1.09 billion. The stock has a 50-day moving average of $8.03 and a 200 day moving average of $8.34. 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 announced its quarterly earnings data on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. The company had revenue of $1.81 billion for the quarter. Ascena Retail Group had a positive return on equity of 6.15% and a negative net margin of 5.50%. Ascena Retail Group’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, equities analysts expect that Ascena Retail Group will post $0.69 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its stake in Ascena Retail Group by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,209 shares of the company’s stock worth $134,000 after buying an additional 121 shares in the last quarter. State Treasurer State of Michigan raised its stake in Ascena Retail Group by 0.6% in the second quarter. State Treasurer State of Michigan now owns 68,508 shares of the company’s stock worth $479,000 after buying an additional 400 shares in the last quarter. Weik Investment Services Inc. raised its stake in Ascena Retail Group by 1.4% in the second quarter. Weik Investment Services Inc. now owns 35,500 shares of the company’s stock worth $248,000 after buying an additional 500 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Ascena Retail Group by 0.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 236,239 shares of the company’s stock worth $1,651,000 after buying an additional 945 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Ascena Retail Group by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 57,719 shares of the company’s stock worth $403,000 after buying an additional 1,384 shares in the last quarter. Institutional investors own 94.47% of the company’s stock.

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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