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.

A number of large investors have recently added to or reduced their stakes in the stock. 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 valued at $168,000 after buying an additional 1,739 shares during the period. Thrivent Financial For Lutherans raised its holdings 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 valued at $218,000 after buying an additional 4,420 shares during the period. Principal Financial Group Inc. raised its holdings 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 valued at $2,833,000 after buying an additional 4,802 shares during the period. The Manufacturers Life Insurance Company raised its holdings 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 valued at $309,000 after buying an additional 7,435 shares during the period. Finally, Rhumbline Advisers raised its holdings in Ascena Retail Group by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 350,149 shares of the specialty retailer’s stock valued at $753,000 after buying an additional 7,638 shares during the period. Institutional investors own 94.92% of the company’s stock.

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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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