Ascena Retail Group Inc. (NASDAQ:ASNA) – Investment analysts at KeyCorp lowered their Q1 2017 EPS estimates for shares of Ascena Retail Group in a research note issued on Monday. KeyCorp analyst E. Yruma now anticipates that the firm will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.39. KeyCorp also issued estimates for Ascena Retail Group’s FY2017 earnings at $0.60 EPS and FY2018 earnings at $0.75 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 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 positive return on equity of 6.18% and a negative net margin of 0.17%. The company’s revenue was up 54.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS.

Other research analysts also recently issued research reports about the company. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. Cowen and Company reiterated a “market perform” rating and set a $8.00 price target (down previously from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. 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 research note on Tuesday. Finally, FBR & Co cut Ascena Retail Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $15.00 to $7.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ascena Retail Group has an average rating of “Hold” and a consensus price target of $11.58.

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Ascena Retail Group (NASDAQ:ASNA) traded up 4.937% during mid-day trading on Thursday, hitting $5.845. The 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 price is $7.90 and its 200 day moving average price is $8.29. The firm’s market cap is $1.12 billion.

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors L.L.C. boosted its position in shares of Ascena Retail Group by 70.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 43,908 shares of the company’s stock worth $486,000 after buying an additional 18,100 shares in the last quarter. Ngam Advisors L.P. boosted its position in shares of Ascena Retail Group by 50.8% in the first quarter. Ngam Advisors L.P. now owns 132,117 shares of the company’s stock worth $1,461,000 after buying an additional 44,521 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Ascena Retail Group by 15.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,938,121 shares of the company’s stock worth $21,436,000 after buying an additional 265,229 shares in the last quarter. Prudential Financial Inc. boosted its position 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 in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Ascena Retail Group by 12.1% in the first quarter. BlackRock Inc. now owns 73,665 shares of the company’s stock worth $815,000 after buying an additional 7,931 shares in the last quarter. 94.47% of the stock is currently owned by 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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