Shares of Ascena Retail Group Inc (NASDAQ:ASNA) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $2.53.
Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup upgraded shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 target price for the company in a report on Wednesday, April 3rd. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of Ascena Retail Group by 13.4% during the 3rd quarter. Wells Fargo & Company MN now owns 133,345 shares of the specialty retailer’s stock worth $609,000 after purchasing an additional 15,796 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ascena Retail Group by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 2,018,821 shares of the specialty retailer’s stock valued at $9,225,000 after purchasing an additional 66,453 shares in the last quarter. Credit Suisse AG boosted its stake in shares of Ascena Retail Group by 227.8% during the third quarter. Credit Suisse AG now owns 95,688 shares of the specialty retailer’s stock valued at $437,000 after purchasing an additional 170,587 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Ascena Retail Group by 48.7% during the third quarter. MetLife Investment Advisors LLC now owns 125,639 shares of the specialty retailer’s stock valued at $574,000 after purchasing an additional 41,154 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Ascena Retail Group by 85.9% during the third quarter. AQR Capital Management LLC now owns 82,185 shares of the specialty retailer’s stock valued at $376,000 after acquiring an additional 37,968 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.
Shares of ASNA stock traded down $0.04 during trading hours on Friday, hitting $1.31. 56,956 shares of the company’s stock traded hands, compared to its average volume of 3,038,439. Ascena Retail Group has a 12-month low of $0.97 and a 12-month high of $5.28. The firm has a market capitalization of $264.74 million, a price-to-earnings ratio of -66.25 and a beta of 1.40. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.51 and a current ratio of 1.28.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the business posted ($0.12) earnings per share. Ascena Retail Group’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Ascena Retail Group will post -0.45 earnings per share for the current fiscal year.
Ascena Retail Group Company Profile
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
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