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.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/10/12/ascena-retail-groups-asna-hold-rating-reiterated-at-keycorp.html.

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.

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.