Ascena Retail Group (NASDAQ:ASNA) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other brokerages also recently issued reports on ASNA. Royal Bank Of Canada set a $3.00 price objective on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Saturday, October 7th. ValuEngine downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. B. Riley reaffirmed a “neutral” rating on shares of Ascena Retail Group in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Finally, FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. Ascena Retail Group has a consensus rating of “Hold” and a consensus target price of $3.50.

Shares of Ascena Retail Group (ASNA) traded up $0.13 during trading hours on Friday, reaching $2.47. 2,590,000 shares of the company’s stock traded hands, compared to its average volume of 1,790,000. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. Ascena Retail Group has a one year low of $1.65 and a one year high of $8.19. The firm has a market capitalization of $511.04, a P/E ratio of 11.14 and a beta of 1.87.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Monday, September 25th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company earned $0.08 earnings per share. Ascena Retail Group’s revenue for the quarter was down 8.5% on a year-over-year basis. equities research analysts anticipate that Ascena Retail Group will post 0.23 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in ASNA. Sapience Investments LLC grew its position in shares of 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 worth $11,721,000 after buying an additional 2,692,810 shares in the last quarter. Vanguard Group Inc. grew its position in shares of 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 worth $35,763,000 after buying an additional 2,101,044 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ascena Retail Group by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,899,897 shares of the specialty retailer’s stock worth $32,035,000 after buying an additional 1,647,310 shares in the last quarter. Okumus Fund Management Ltd. acquired a new stake in shares of Ascena Retail Group during the third quarter worth approximately $2,227,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Ascena Retail Group by 131.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,321,737 shares of the specialty retailer’s stock worth $3,239,000 after buying an additional 750,401 shares in the last quarter. 95.05% of the stock is owned by institutional investors and hedge funds.

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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)

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