Ascena Retail Group (NASDAQ:ASNA) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research analysts have also recently issued reports on ASNA. B. Riley reissued a “neutral” rating on shares of Ascena Retail Group in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday. Royal Bank Of Canada cut their price objective on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 6th. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $3.36.

Shares of Ascena Retail Group (NASDAQ:ASNA) remained flat at $$1.99 during trading on Friday. The company’s stock had a trading volume of 1,933,746 shares, compared to its average volume of 3,199,000. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.52. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $8.19. The stock has a market cap of $394.04, a PE ratio of 14.50 and a beta of 1.96.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. analysts expect that Ascena Retail Group will post 0.15 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial For Lutherans grew its position in shares of Ascena Retail Group by 4.6% in the second quarter. Thrivent Financial For Lutherans now owns 101,540 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 4,420 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Ascena Retail Group by 45.7% in the second quarter. BNP Paribas Arbitrage SA now owns 109,379 shares of the specialty retailer’s stock valued at $235,000 after purchasing an additional 34,295 shares during the period. Teachers Advisors LLC grew its position in shares of Ascena Retail Group by 3.9% in the first quarter. Teachers Advisors LLC now owns 305,091 shares of the specialty retailer’s stock valued at $1,300,000 after purchasing an additional 11,432 shares during the period. SG Americas Securities LLC grew its position in shares of Ascena Retail Group by 93.4% in the second quarter. SG Americas Securities LLC now owns 238,645 shares of the specialty retailer’s stock valued at $513,000 after purchasing an additional 115,282 shares during the period. Finally, Texas Permanent School Fund grew its position in shares of Ascena Retail Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds 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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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