Ascena Retail Group Inc. (NASDAQ:ASNA)‘s stock had its “market perform” rating reissued by FBR & Co in a report issued on Tuesday. They currently have a $15.00 price objective on the stock, up from their prior price objective of $7.00. FBR & Co’s price target suggests a potential upside of 84.73% from the stock’s current price.

ASNA has been the topic of several other research reports. Royal Bank Of Canada downgraded shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $12.00 to $7.00 in a report on Tuesday. Oppenheimer Holdings Inc. downgraded shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. RBC Capital Markets downgraded shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and set a $7.00 price target on the stock. in a report on Tuesday. Cowen and Company reduced their price target on shares of Ascena Retail Group to $7.00 in a report on Tuesday. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ascena Retail Group currently has a consensus rating of “Hold” and a consensus target price of $11.58.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.905 on Tuesday. The firm’s market cap is $1.13 billion. Ascena Retail Group has a 12-month low of $5.80 and a 12-month high of $14.76. The company has a 50-day moving average of $8.03 and a 200 day moving average of $8.34.

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Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results 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. Ascena Retail Group had a positive return on equity of 6.15% and a negative net margin of 5.50%. The company had revenue of $1.81 billion for the quarter. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 54.9% compared to the same quarter last year. Equities research analysts anticipate that Ascena Retail Group will post $0.69 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the company. Stadium Capital Management LLC increased its position in Ascena Retail Group by 33.7% in the first quarter. Stadium Capital Management LLC now owns 12,345,927 shares of the company’s stock worth $136,546,000 after buying an additional 3,113,869 shares in the last quarter. Coliseum Capital Management LLC raised its stake in Ascena Retail Group by 38.6% in the second quarter. Coliseum Capital Management LLC now owns 5,624,132 shares of the company’s stock valued at $39,313,000 after buying an additional 1,565,716 shares during the last quarter. Murphy Michael R raised its stake in Ascena Retail Group by 111.1% in the second quarter. Murphy Michael R now owns 1,840,020 shares of the company’s stock valued at $12,862,000 after buying an additional 968,546 shares during the last quarter. Victory Capital Management Inc. raised its stake in Ascena Retail Group by 49.5% in the second quarter. Victory Capital Management Inc. now owns 2,902,418 shares of the company’s stock valued at $20,288,000 after buying an additional 961,093 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Ascena Retail Group by 367.0% in the first quarter. Prudential Financial Inc. now owns 1,052,085 shares of the company’s stock valued at $11,636,000 after buying an additional 826,800 shares during the last quarter. 94.47% of the stock is currently 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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