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.
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.
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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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