Ascena Retail Group Inc (NASDAQ:ASNA) has been given an average rating of “Hold” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $2.75.
Several research analysts have weighed in on ASNA shares. BidaskClub upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. FBR & Co set a $3.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, October 17th. KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a research note on Wednesday, October 11th. Royal Bank of Canada set a $3.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research note on Saturday, October 7th. Finally, ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th.
In other news, Director Krill Katherine Lawther sold 19,400 shares of the company’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 sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.02% of the stock is owned by corporate insiders.
Ascena Retail Group (NASDAQ:ASNA) opened at $2.11 on Friday. The stock has a market capitalization of $413.64, a P/E ratio of -0.38 and a beta of 1.96. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.55 and a current ratio of 1.36. Ascena Retail Group has a 52 week low of $1.65 and a 52 week high of $5.50.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company posted $0.18 EPS. The firm’s revenue was down 5.3% on a year-over-year basis. research analysts predict that Ascena Retail Group will post 0.15 earnings per share for the current year.
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About Ascena Retail Group
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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