Ascena Retail Group Inc (NASDAQ:ASNA) – Equities researchers at KeyCorp dropped their Q3 2018 earnings estimates for Ascena Retail Group in a note issued to investors on Wednesday. KeyCorp analyst E. Yruma now anticipates that the specialty retailer will earn $0.09 per share for the quarter, down from their previous estimate of $0.10. KeyCorp currently has a “Hold” rating on the stock.

ASNA has been the subject of several other research reports. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. B. Riley decreased their target price on Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Tuesday, December 5th. BidaskClub lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Royal Bank of Canada reduced their price objective 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. Finally, FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded up $0.08 on Friday, hitting $2.13. The stock had a trading volume of 1,777,752 shares, compared to its average volume of 2,907,288. The firm has a market cap of $418.54, a price-to-earnings ratio of -0.39 and a beta of 1.96. The company has a current ratio of 1.36, a quick ratio of 0.55 and a debt-to-equity ratio of 2.24. Ascena Retail Group has a one year low of $1.65 and a one year high of $5.94.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS.

In related news, Director Krill Katherine Lawther sold 19,400 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the transaction, the director now owns 108,957 shares in the company, valued at approximately $253,869.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.02% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. M&T Bank Corp boosted its position 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 acquiring an additional 1,739 shares during the period. Thrivent Financial For Lutherans boosted its position in Ascena Retail Group by 4.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 101,540 shares of the specialty retailer’s stock worth $218,000 after acquiring an additional 4,420 shares during the period. Principal Financial Group Inc. boosted its position in Ascena Retail Group by 0.4% during the 2nd quarter. Principal Financial Group Inc. now owns 1,317,805 shares of the specialty retailer’s stock worth $2,833,000 after acquiring an additional 4,802 shares during the period. The Manufacturers Life Insurance Company boosted its position in Ascena Retail Group by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 143,707 shares of the specialty retailer’s stock worth $309,000 after acquiring an additional 7,435 shares during the period. Finally, Rhumbline Advisers boosted its position in Ascena Retail Group by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 350,149 shares of the specialty retailer’s stock worth $753,000 after acquiring an additional 7,638 shares during the period. Institutional investors own 94.92% 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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