Ascena Retail Group Inc. (NASDAQ:ASNA) was downgraded by investment analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday.

Several other equities analysts have also weighed in on ASNA. Royal Bank Of Canada lowered shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $12.00 to $7.00 in a research report on Tuesday. FBR & Co downgraded shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $15.00 to $7.00 in a research note on Tuesday. Telsey Advisory Group lowered their price objective on shares of Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating on the stock in a research note on Tuesday. Cowen and Company restated a “market perform” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, RBC Capital Markets downgraded 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 research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.58.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded down 29.93% on Tuesday, hitting $5.69. 28,162,253 shares of the stock traded hands. Ascena Retail Group has a 12-month low of $5.66 and a 12-month high of $14.76. The stock’s market cap is $1.09 billion. The stock has a 50-day moving average price of $8.03 and a 200 day moving average price of $8.34.

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Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The company earned $1.81 billion during 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 quarterly revenue was up 54.9% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. On average, analysts anticipate that Ascena Retail Group will post $0.83 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of ASNA. Eqis Capital Management Inc. raised its position 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 valued at $134,000 after buying an additional 121 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of 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 valued at $479,000 after buying an additional 400 shares in the last quarter. Weik Investment Services Inc. raised its position in shares of Ascena Retail Group by 1.4% in the second quarter. Weik Investment Services Inc. now owns 35,500 shares of the company’s stock valued at $248,000 after buying an additional 500 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of 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 valued at $1,651,000 after buying an additional 945 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of 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 valued at $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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