Ascena Retail Group Inc. (NASDAQ:ASNA) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $9.22.

ASNA has been the subject of several recent research reports. FBR & Co reaffirmed a “hold” rating and set a $7.00 price target on shares of Ascena Retail Group in a report on Thursday. Royal Bank Of Canada downgraded Ascena Retail Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $12.00 to $7.00 in a report on Tuesday, September 20th. RBC Capital Markets downgraded Ascena Retail Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $12.00 to $7.00 in a report on Tuesday, September 20th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. downgraded Ascena Retail Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. boosted its position in shares of Ascena Retail Group by 3.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,062,723 shares of the company’s stock worth $55,994,000 after buying an additional 151,750 shares in the last quarter. BlackRock Inc. boosted its position in shares of Ascena Retail Group by 12.1% in the first quarter. BlackRock Inc. now owns 73,665 shares of the company’s stock worth $815,000 after buying an additional 7,931 shares in the last quarter. Coliseum Capital Management LLC boosted its position in shares of Ascena Retail Group by 38.6% in the second quarter. Coliseum Capital Management LLC now owns 5,624,132 shares of the company’s stock worth $39,313,000 after buying an additional 1,565,716 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Ascena Retail Group by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,790,076 shares of the company’s stock worth $64,038,000 after buying an additional 295,448 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Ascena Retail Group by 16.2% in the first quarter. JPMorgan Chase & Co. now owns 268,980 shares of the company’s stock worth $2,974,000 after buying an additional 37,430 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded up 0.17% during midday trading on Friday, reaching $5.74. 1,912,345 shares of the company’s stock traded hands. The stock’s 50 day moving average is $7.26 and its 200-day moving average is $7.94. The company’s market capitalization is $1.10 billion. Ascena Retail Group has a 52 week low of $5.33 and a 52 week high of $14.76.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. The firm earned $1.81 billion during the quarter. Ascena Retail Group had a negative net margin of 0.17% and a positive return on equity of 6.18%. The company’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, analysts forecast that Ascena Retail Group will post $0.61 earnings per share for the current fiscal year.

About Ascena Retail Group

Ascena Retail Group, Inc is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines.

5 Day Chart for NASDAQ:ASNA

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