Ascena Retail Group’s (ASNA) “Hold” Rating Reiterated at KeyCorp
Ascena Retail Group, Inc. (NASDAQ:ASNA)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a report released on Wednesday.
A number of other equities research analysts also recently weighed in on ASNA. BidaskClub raised Ascena Retail Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. FBR & Co set a $3.00 target price on Ascena Retail Group and gave the company a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Finally, Royal Bank Of Canada reduced their target price on 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. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.50.
Shares of Ascena Retail Group (NASDAQ ASNA) traded down 5.693% during mid-day trading on Wednesday, hitting $1.905. The stock had a trading volume of 2,239,821 shares. The stock has a 50 day moving average of $2.14 and a 200-day moving average of $2.57. Ascena Retail Group has a 52 week low of $1.65 and a 52 week high of $8.19. The stock’s market capitalization is $365.74 million.
Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, September 25th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. The company’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, equities research analysts predict that Ascena Retail Group will post $0.17 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Peak Capital Management LLC bought a new position in shares of Ascena Retail Group in the 2nd quarter valued at $108,000. BNP Paribas Arbitrage SA lifted its stake in shares of Ascena Retail Group by 45.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 109,379 shares of the specialty retailer’s stock valued at $235,000 after acquiring an additional 34,295 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Ascena Retail Group in the 1st quarter valued at $181,000. Teachers Advisors LLC lifted its stake in shares of Ascena Retail Group by 3.9% in the 1st quarter. Teachers Advisors LLC now owns 305,091 shares of the specialty retailer’s stock valued at $1,300,000 after acquiring an additional 11,432 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Ascena Retail Group by 93.4% in the 2nd quarter. SG Americas Securities LLC now owns 238,645 shares of the specialty retailer’s stock valued at $513,000 after acquiring an additional 115,282 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.
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.
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