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

ASNA has been the subject of a number of other research reports. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. FBR & Co reiterated an “outperform” rating and set a $15.00 price objective (down previously from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price objective (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 objective (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, RBC Capital Markets cut 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.00.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 8.12 on Tuesday. Ascena Retail Group has a 52-week low of $6.33 and a 52-week high of $14.76. The company has a 50-day moving average price of $8.03 and a 200-day moving average price of $8.34. The company’s market cap is $1.56 billion.

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Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, September 19th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $1.81 billion for the quarter. Ascena Retail Group had a negative net margin of 5.50% and a positive return on equity of 6.15%. The business’s revenue was up 54.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. On average, equities analysts predict that Ascena Retail Group will post $0.69 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Ascena Retail Group by 1,026.9% in the second quarter. Tower Research Capital LLC TRC now owns 15,777 shares of the company’s stock worth $110,000 after buying an additional 14,377 shares during the last quarter. LSV Asset Management purchased a new position in shares of Ascena Retail Group during the second quarter worth approximately $127,000. Eqis Capital Management Inc. raised its position in shares of 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 during the last quarter. TradeLink Capital LLC raised its position in shares of Ascena Retail Group by 20.6% in the second quarter. TradeLink Capital LLC now owns 22,031 shares of the company’s stock worth $154,000 after buying an additional 3,769 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 owned by institutional investors.

About Ascena Retail Group

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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