Ascena Retail Group, Inc. (NASDAQ:ASNA) has been assigned a $3.00 target price by stock analysts at FBR & Co in a note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. FBR & Co’s target price would suggest a potential upside of 49.25% from the company’s current price.

A number of other equities analysts have also commented on the stock. BidaskClub raised shares of Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada set a $5.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a research report on Monday, June 12th. Cowen and Company reaffirmed a “market perform” rating and set a $2.00 target price (down from $6.00) on shares of Ascena Retail Group in a research report on Sunday, June 11th. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $3.83.

Shares of Ascena Retail Group (ASNA) traded down 5.19% on Tuesday, reaching $2.01. The company had a trading volume of 2,287,615 shares. The stock’s 50 day moving average is $2.23 and its 200 day moving average is $3.29. Ascena Retail Group has a 52 week low of $1.65 and a 52 week high of $9.11. The firm’s market capitalization is $385.72 million.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. Ascena Retail Group had a negative net margin of 15.25% and a positive return on equity of 2.96%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. On average, equities analysts anticipate that Ascena Retail Group will post $0.13 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. FMR LLC acquired a new position in shares of Ascena Retail Group during the fourth quarter valued at about $2,035,000. Highbridge Capital Management LLC raised its position in shares of Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 26,909 shares during the last quarter. Bank of Montreal Can raised its position in shares of Ascena Retail Group by 6,135.7% in the first quarter. Bank of Montreal Can now owns 91,415 shares of the specialty retailer’s stock valued at $390,000 after buying an additional 89,949 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Ascena Retail Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer’s stock valued at $294,000 after buying an additional 900 shares during the last quarter. Finally, Sanders Morris Harris Inc. acquired a new position in shares of Ascena Retail Group during the first quarter valued at about $1,208,000. 95.08% of the stock is currently owned by institutional investors.

About Ascena Retail Group

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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