Ascena Retail Group Inc. (NASDAQ:ASNA) – Research analysts at FBR & Co reduced their Q2 2017 earnings per share estimates for Ascena Retail Group in a report released on Tuesday. FBR & Co analyst S. Anderson now expects that the firm will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.03. FBR & Co has a “Market Perform” rating and a $15.00 price target on the stock. FBR & Co also issued estimates for Ascena Retail Group’s Q3 2017 earnings at $0.23 EPS and Q4 2017 earnings at $0.16 EPS.

Several other equities research analysts have also recently weighed in on ASNA. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Telsey Advisory Group restated 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 report on Wednesday, June 1st. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company restated 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 report on Wednesday, June 1st. Finally, Royal Bank Of Canada cut shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $12.00 to $7.00 in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.58.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded down 4.236% during midday trading on Wednesday, reaching $5.449. 9,850,963 shares of the company’s stock traded hands. Ascena Retail Group has a one year low of $5.33 and a one year high of $14.76. The company has a 50-day moving average of $7.96 and a 200-day moving average of $8.31. The company’s market capitalization is $1.04 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 Thomson Reuters’ consensus estimate of $0.16 by $0.08. The firm had revenue of $1.81 billion for the quarter. Ascena Retail Group had a negative net margin of 0.17% and a positive return on equity of 6.20%. The firm’s revenue for the quarter was up 54.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share.

Hedge funds have recently modified their holdings of the stock. 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 worth $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 worth about $127,000. Eqis Capital Management Inc. raised 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 worth $134,000 after buying an additional 121 shares in the last quarter. TradeLink Capital LLC raised 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 worth $154,000 after buying an additional 3,769 shares in the last quarter. Finally, Amalgamated Bank raised 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 worth $161,000 after buying an additional 2,093 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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