Ascena Retail Group Inc (ASNA) Receives Average Rating of “Hold” from Analysts

Shares of Ascena Retail Group Inc (NASDAQ:ASNA) have earned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.75.

Several equities research analysts recently issued reports on ASNA shares. FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. B. Riley reissued a “neutral” rating on shares of Ascena Retail Group in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Ascena Retail Group in a research note on Thursday, November 16th.

In other news, Director Krill Katherine Lawther sold 19,400 shares of the firm’s stock in a transaction dated Thursday, 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 sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.02% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in shares of Ascena Retail Group by 298.9% during the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 36,884 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Ascena Retail Group in the 3rd quarter valued at approximately $133,000. Virtu KCG Holdings LLC raised its stake in shares of Ascena Retail Group by 47.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after acquiring an additional 21,823 shares in the last quarter. M&T Bank Corp raised its stake in shares of Ascena Retail Group by 2.3% in the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Ascena Retail Group in the 3rd quarter valued at approximately $172,000. 95.23% of the stock is owned by institutional investors.

Shares of Ascena Retail Group (NASDAQ ASNA) opened at $1.93 on Tuesday. The stock has a market capitalization of $380.32, a PE ratio of -0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. Ascena Retail Group has a one year low of $1.65 and a one year 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, hitting the consensus estimate of $0.11. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. analysts predict that Ascena Retail Group will post 0.15 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Ascena Retail Group Inc (ASNA) Receives Average Rating of “Hold” from Analysts” was first published by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/13/ascena-retail-group-inc-asna-receives-average-rating-of-hold-from-analysts.html.

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)

Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply