Q3 2018 Earnings Estimate for Ascena Retail Group Inc (ASNA) Issued By B. Riley
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 (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.
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