Ascena Retail Group Inc. (ASNA) Stock Rating Reaffirmed by FBR & Co
Ascena Retail Group Inc. (NASDAQ:ASNA)‘s stock had its “market perform” rating reiterated by FBR & Co in a research report issued on Tuesday. They presently have a $15.00 price objective on the stock, up from their previous price objective of $7.00. FBR & Co’s target price indicates a potential upside of 84.73% from the company’s previous close.
Several other research firms have also recently weighed in on ASNA. 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. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Citigroup Inc. lowered 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 research report on Tuesday. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Cowen and Company reaffirmed 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 report on Wednesday, June 1st. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.58.
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’s 50 day moving average is $8.03 and its 200 day moving average is $8.34. The firm’s market cap is $1.56 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/ascena-retail-group-inc-asna-stock-rating-reaffirmed-by-fbr-co.html
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly 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 firm had revenue of $1.81 billion for the quarter. During the same quarter in the previous year, the business posted $0.06 EPS. The business’s revenue was up 54.9% compared to the same quarter last year. Analysts anticipate that Ascena Retail Group will post $0.69 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in 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 period. LSV Asset Management purchased a new stake in Ascena Retail Group during the second quarter worth $127,000. 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 during the period. TradeLink Capital LLC raised its stake in 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 period. Finally, Amalgamated Bank raised its stake in 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 period. 94.47% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Ascena Retail Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.