Ascena Retail Group Inc. (NASDAQ:ASNA) – Investment analysts at SunTrust Banks issued their Q1 2017 EPS estimates for shares of Ascena Retail Group in a research note issued on Tuesday. SunTrust Banks analyst P. Quintiliano expects that the brokerage will earn $0.21 per share for the quarter. SunTrust Banks also issued estimates for Ascena Retail Group’s Q2 2017 earnings at $0.01 EPS, Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $0.87 EPS.

ASNA has been the subject of several other reports. FBR & Co reiterated an “outperform” rating and issued a $15.00 target price (down from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Royal Bank Of Canada downgraded Ascena Retail Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $12.00 to $7.00 in a research report on Tuesday. Oppenheimer Holdings Inc. cut Ascena Retail Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday. 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 note on Tuesday. Finally, Cowen and Company decreased their price target on Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.58.

Ascena Retail Group (NASDAQ:ASNA) traded down 4.482% during trading on Wednesday, hitting $5.435. The stock had a trading volume of 9,261,504 shares. The stock has a 50 day moving average of $7.96 and a 200 day moving average of $8.31. The firm’s market capitalization is $1.04 billion. Ascena Retail Group has a one year low of $5.33 and a one year high of $14.76.

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Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. Ascena Retail Group had a negative net margin of 0.17% and a positive return on equity of 6.20%. The business had revenue of $1.81 billion for the quarter. During the same quarter in the previous year, the business earned $0.06 EPS. Ascena Retail Group’s quarterly revenue was up 54.9% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in the stock. Stadium Capital Management LLC boosted its stake 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 period. Coliseum Capital Management LLC boosted its stake in shares of 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 worth $39,313,000 after buying an additional 1,565,716 shares during the period. Murphy Michael R boosted its stake in shares of Ascena Retail Group by 111.1% in the second quarter. Murphy Michael R now owns 1,840,020 shares of the company’s stock worth $12,862,000 after buying an additional 968,546 shares during the period. Victory Capital Management Inc. boosted its stake in shares of 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 worth $20,288,000 after buying an additional 961,093 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Ascena Retail Group by 367.0% in the first quarter. Prudential Financial Inc. now owns 1,052,085 shares of the company’s stock worth $11,636,000 after buying an additional 826,800 shares during the period. 94.47% of the stock is owned by hedge funds and other 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.

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