Ascena Retail Group Inc. (NASDAQ:ASNA) – Oppenheimer Holdings cut their Q1 2017 earnings estimates for shares of Ascena Retail Group in a report released on Tuesday. Oppenheimer Holdings analyst A. Andreeva now expects that the brokerage will earn $0.22 per share for the quarter, down from their prior estimate of $0.33. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Ascena Retail Group’s Q2 2017 earnings at $0.01 EPS, FY2017 earnings at $0.62 EPS and FY2018 earnings at $0.71 EPS.

Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, September 19th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.81 billion for the quarter. During the same period last year, the business earned $0.06 EPS. Ascena Retail Group’s revenue for the quarter was up 54.9% compared to the same quarter last year.

A number of other research firms have also recently weighed in on ASNA. 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 report on Tuesday. Cowen and Company cut their price target on Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Tuesday. FBR & Co reissued a “market perform” rating and issued a $15.00 price target (up from $7.00) on shares of Ascena Retail Group in a report on Tuesday. Telsey Advisory Group cut their price target on Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Royal Bank Of Canada cut Ascena Retail Group from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $12.00 to $7.00 in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.58.

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Shares of Ascena Retail Group (NASDAQ:ASNA) traded down 4.306% during trading on Wednesday, reaching $5.445. The company had a trading volume of 9,848,603 shares. Ascena Retail Group has a 52 week low of $5.33 and a 52 week high of $14.76. The firm’s market capitalization is $1.04 billion. The firm has a 50-day moving average of $7.96 and a 200 day moving average of $8.31.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $110,000 after buying an additional 14,377 shares in the last quarter. LSV Asset Management bought a new stake in shares of Ascena Retail Group during the second quarter valued at $127,000. Eqis Capital Management Inc. increased its stake in shares of Ascena Retail Group by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,209 shares of the company’s stock valued at $134,000 after buying an additional 121 shares during the last quarter. TradeLink Capital LLC increased its stake in shares of Ascena Retail Group by 20.6% in the second quarter. TradeLink Capital LLC now owns 22,031 shares of the company’s stock valued at $154,000 after buying an additional 3,769 shares during the last quarter. Finally, Amalgamated Bank increased its stake in shares of Ascena Retail Group by 10.9% in the second quarter. Amalgamated Bank now owns 21,240 shares of the company’s stock valued at $161,000 after buying an additional 2,093 shares during the last quarter. Institutional investors own 94.47% of the company’s stock.

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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