Ascena Retail Group Inc. (NASDAQ:ASNA) had its price target reduced by research analysts at Citigroup Inc. from $8.00 to $7.00 in a report issued on Tuesday. The firm presently has a “neutral” rating on the stock. Citigroup Inc.’s price target suggests a potential downside of 13.79% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. FBR & Co reaffirmed an “outperform” rating and issued a $15.00 price target (down previously from $18.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Cowen and Company reaffirmed a “market perform” rating and issued a $8.00 price target (down previously from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price target (down previously from $11.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, RBC Capital Markets lowered 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 research note on Tuesday. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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

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Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Ascena Retail Group had a negative net margin of 5.50% and a positive return on equity of 6.15%. The company earned $1.81 billion during the quarter. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 54.9% on a year-over-year basis. Equities research analysts expect that Ascena Retail Group will post $0.69 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of ASNA. Vanguard Group Inc. increased its position in shares of Ascena Retail Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 12,534,452 shares of the company’s stock worth $87,616,000 after buying an additional 298,703 shares during the last quarter. Stadium Capital Management LLC increased its position in shares of 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 during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ascena Retail Group by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 10,889,809 shares of the company’s stock worth $76,120,000 after buying an additional 149,142 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Ascena Retail Group by 0.7% in the first quarter. Primecap Management Co. CA now owns 10,242,100 shares of the company’s stock worth $113,278,000 after buying an additional 73,900 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Ascena Retail Group by 4.7% in the second quarter. BlackRock Fund Advisors now owns 8,558,540 shares of the company’s stock worth $59,824,000 after buying an additional 380,792 shares during the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.

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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