Shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $3.50.

Several analysts have recently commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating on the stock in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub downgraded shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Finally, FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Tuesday, August 15th.

A number of institutional investors and hedge funds have recently bought and sold shares of ASNA. BlackRock Inc. lifted its holdings in Ascena Retail Group by 54,175.1% during the first quarter. BlackRock Inc. now owns 21,051,698 shares of the specialty retailer’s stock valued at $89,680,000 after purchasing an additional 21,012,911 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Ascena Retail Group by 72.5% during the first quarter. Nomura Holdings Inc. now owns 19,090,378 shares of the specialty retailer’s stock valued at $81,377,000 after purchasing an additional 8,025,583 shares in the last quarter. Sapience Investments LLC lifted its holdings in Ascena Retail Group by 97.6% during the second quarter. Sapience Investments LLC now owns 5,451,695 shares of the specialty retailer’s stock valued at $11,721,000 after purchasing an additional 2,692,810 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ascena Retail Group by 18.9% during the first quarter. Dimensional Fund Advisors LP now owns 13,252,587 shares of the specialty retailer’s stock valued at $56,456,000 after purchasing an additional 2,102,956 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Ascena Retail Group by 14.5% during the second quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock valued at $35,763,000 after purchasing an additional 2,101,044 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/11/ascena-retail-group-inc-asna-given-consensus-recommendation-of-hold-by-brokerages.html.

Shares of Ascena Retail Group (NASDAQ ASNA) remained flat at $2.11 on Wednesday. The company’s stock had a trading volume of 247,784 shares. The firm’s market cap is $412.03 million. The stock’s 50 day moving average is $2.14 and its 200 day moving average is $2.57. Ascena Retail Group has a one year low of $1.65 and a one year high of $8.19.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.08. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. On average, equities analysts anticipate that Ascena Retail Group will post $0.17 EPS for the current year.

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.