Ascena Retail Group, Inc. (NASDAQ:ASNA) has received an average rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.83.

Several brokerages have weighed in on ASNA. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. Zacks Investment Research cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Royal Bank Of Canada set a $5.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Monday, June 12th. Cowen and Company reissued a “market perform” rating and set a $2.00 price target (down previously from $6.00) on shares of Ascena Retail Group in a research report on Sunday, June 11th. Finally, BidaskClub raised shares of Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st.

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC bought a new position in Ascena Retail Group in the 2nd quarter worth $206,000. BlueCrest Capital Management Ltd raised its holdings in Ascena Retail Group by 196.6% in the 1st quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 24,132 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Ascena Retail Group by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock worth $169,000 after purchasing an additional 2,595 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Ascena Retail Group in the 1st quarter worth $181,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Ascena Retail Group by 36.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 12,362 shares in the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.

Shares of Ascena Retail Group (ASNA) traded up 8.25% during trading on Friday, reaching $2.23. 4,786,615 shares of the company were exchanged. Ascena Retail Group has a one year low of $1.65 and a one year high of $8.19. The stock’s market capitalization is $427.94 million. The stock has a 50-day moving average price of $2.15 and a 200-day moving average price of $2.83.

TRADEMARK VIOLATION WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/09/16/ascena-retail-group-inc-asna-receives-average-rating-of-hold-from-brokerages.html.

Ascena Retail Group Company Profile

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)

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.