Ascena Retail Group Inc (NASDAQ:ASNA) – Research analysts at B. Riley lowered their Q3 2018 earnings estimates for Ascena Retail Group in a report released on Tuesday. B. Riley analyst S. Anderson now forecasts that the specialty retailer will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.05. B. Riley currently has a “Neutral” rating and a $2.50 price target on the stock. B. Riley also issued estimates for Ascena Retail Group’s Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.21 EPS.

Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Saturday. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Tuesday, August 15th. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. ValuEngine downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. One 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’s stock. 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 mid-day trading on Wednesday, reaching $2.10. 13,140,300 shares of the company traded hands, compared to its average volume of 3,205,219. The firm has a market capitalization of $511.66, a P/E ratio of 18.64 and a beta of 1.96. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $8.19. The company has a quick ratio of 0.52, a current ratio of 1.20 and a debt-to-equity ratio of 2.24.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Boothbay Fund Management LLC acquired a new stake in Ascena Retail Group during the 3rd quarter worth about $133,000. Virtu KCG Holdings LLC raised its holdings in Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after buying an additional 21,823 shares during the period. M&T Bank Corp raised its holdings in Ascena Retail Group by 2.3% during the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after buying an additional 1,739 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Ascena Retail Group during the 3rd quarter worth about $172,000. Finally, Stevens Capital Management LP raised its holdings in Ascena Retail Group by 230.3% during the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after buying an additional 53,622 shares during the period. 95.06% of the stock is owned by institutional investors.

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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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