Ascena Retail Group (NASDAQ:ASNA) had its price objective dropped by equities researchers at B. Riley from $3.00 to $2.50 in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. B. Riley’s price target would suggest a potential downside of 4.21% from the company’s previous close.

A number of other brokerages also recently commented on ASNA. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada decreased their price target on Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 6th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. FBR & Co set a $3.00 price target on Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.36.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded up $0.14 during trading on Tuesday, hitting $2.61. The stock had a trading volume of 8,822,600 shares, compared to its average volume of 3,162,554. The stock has a market capitalization of $397.90, a P/E ratio of 11.76 and a beta of 1.96. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $8.19. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. Ascena Retail Group’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. equities analysts expect that Ascena Retail Group will post 0.23 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew 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 during the period. Dimensional Fund Advisors LP grew its holdings in 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 valued at $32,035,000 after purchasing an additional 1,647,310 shares during the period. Sapience Investments LLC grew 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 during the period. State Street Corp grew its holdings in Ascena Retail Group by 16.4% during the first quarter. State Street Corp now owns 5,157,993 shares of the specialty retailer’s stock valued at $21,976,000 after purchasing an additional 727,206 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Ascena Retail Group by 1.2% during the third quarter. Sterling Capital Management LLC now owns 4,865,249 shares of the specialty retailer’s stock valued at $11,920,000 after purchasing an additional 55,539 shares during the period. 95.06% of the stock is owned by institutional investors and hedge funds.

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About Ascena Retail Group

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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