Ascena Retail Group Inc. (NASDAQ:ASNA) was downgraded by analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued on Tuesday. They currently have a $7.00 price objective on the stock. RBC Capital Markets’ target price would indicate a potential upside of 23.02% from the company’s previous close.

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 reaffirmed an “outperform” rating and set a $15.00 price objective (down from $18.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price objective (down from $11.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Cowen and Company reaffirmed a “market perform” rating and set a $8.00 price objective (down from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.58.

Ascena Retail Group (NASDAQ:ASNA) traded down 29.93% during midday trading on Tuesday, hitting $5.69. The stock had a trading volume of 28,162,253 shares. The stock has a 50-day moving average of $7.96 and a 200-day moving average of $8.31. Ascena Retail Group has a 52 week low of $5.66 and a 52 week high of $14.76. The firm’s market cap is $1.09 billion.

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Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, September 19th. The company reported $0.08 earnings per share 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 positive return on equity of 6.15% and a negative net margin of 5.50%. The firm’s revenue was up 54.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. Analysts forecast that Ascena Retail Group will post $0.83 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Ascena Retail Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 12,534,452 shares of the company’s stock valued at $87,616,000 after buying an additional 298,703 shares in the last quarter. Stadium Capital Management LLC boosted 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 valued at $136,546,000 after buying an additional 3,113,869 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 valued at $76,120,000 after buying an additional 149,142 shares in the last quarter. Primecap Management Co. CA boosted its position in 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 valued at $113,278,000 after buying an additional 73,900 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Ascena Retail Group by 4.7% in the second quarter. BlackRock Fund Advisors now owns 8,558,540 shares of the company’s stock valued at $59,824,000 after buying an additional 380,792 shares in the last quarter. 94.47% of the stock is owned by hedge funds and other institutional investors.

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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