Ascena Retail Group Inc. (NASDAQ:ASNA) – Equities researchers at FBR & Co decreased their Q1 2017 earnings estimates for shares of Ascena Retail Group in a research report issued to clients and investors on Tuesday. FBR & Co analyst S. Anderson now anticipates that the firm will earn $0.21 per share for the quarter, down from their previous forecast of $0.37. 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 FY2017 earnings at $0.61 EPS and FY2018 earnings at $0.72 EPS.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the 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 6.18%. The business earned $1.81 billion during the quarter. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 54.9% on a year-over-year basis.

Several other research firms have also recently weighed in on ASNA. Telsey Advisory Group decreased their price target on Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Citigroup Inc. reduced their price objective on Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Cowen and Company reiterated a “market perform” rating and set a $8.00 price objective (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.58.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/fbr-co-brokers-lower-earnings-estimates-for-ascena-retail-group-inc-asna.html

Ascena Retail Group (NASDAQ:ASNA) traded up 4.937% during mid-day trading on Thursday, hitting $5.845. The company’s stock had a trading volume of 3,303,030 shares. Ascena Retail Group has a 52-week low of $5.33 and a 52-week high of $14.76. The company’s 50 day moving average is $7.90 and its 200-day moving average is $8.29. The stock’s market cap is $1.12 billion.

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Ascena Retail Group by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,790,076 shares of the company’s stock worth $64,038,000 after buying an additional 295,448 shares during the period. Geode Capital Management LLC raised its position in Ascena Retail Group by 4.2% in the first quarter. Geode Capital Management LLC now owns 1,167,700 shares of the company’s stock worth $12,914,000 after buying an additional 47,376 shares during the period. Primecap Management Co. CA raised 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 worth $113,278,000 after buying an additional 73,900 shares during the period. Zebra Capital Management LLC raised its position in Ascena Retail Group by 27.5% in the first quarter. Zebra Capital Management LLC now owns 88,948 shares of the company’s stock worth $984,000 after buying an additional 19,183 shares during the period. Finally, Stadium Capital Management LLC raised 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 worth $136,546,000 after buying an additional 3,113,869 shares during the period. 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

Receive News & Ratings for Ascena Retail Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.