Ascena Retail Group Inc (NASDAQ:ASNA) – Research analysts at KeyCorp reduced their FY2018 earnings estimates for Ascena Retail Group in a research note issued to investors on Monday. KeyCorp analyst E. Yruma now forecasts that the specialty retailer will post earnings per share of $0.20 for the year, down from their prior forecast of $0.30. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Ascena Retail Group’s FY2019 earnings at $0.20 EPS.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.32%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year.

ASNA has been the subject of a number of other research reports. BidaskClub downgraded shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Royal Bank Of Canada set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Saturday, October 7th. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $3.36.

Ascena Retail Group (ASNA) traded down $0.51 during midday trading on Wednesday, reaching $2.10. 13,140,300 shares of the company were exchanged, compared to its average volume of 3,205,219. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. The stock has a market capitalization of $511.66, a P/E ratio of 18.64 and a beta of 1.96.

A number of large investors have recently modified their holdings of ASNA. Boothbay Fund Management LLC bought a new position in Ascena Retail Group during the third quarter worth about $133,000. Virtu KCG Holdings LLC boosted its position in shares of Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after acquiring an additional 21,823 shares during the period. M&T Bank Corp boosted its position in shares of Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after acquiring an additional 1,739 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Ascena Retail Group in the third quarter valued at approximately $172,000. Finally, Stevens Capital Management LP boosted its position in shares of Ascena Retail Group by 230.3% in the third quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock valued at $188,000 after acquiring an additional 53,622 shares during the period. Hedge funds and other institutional investors own 95.06% of the company’s stock.

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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.

Earnings History and Estimates for Ascena Retail Group (NASDAQ:ASNA)

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