Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $8.38.

ASNA has been the subject of several analyst reports. Telsey Advisory Group dropped their target price on Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, September 20th. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 21st. FBR & Co reiterated a “hold” rating and issued a $7.00 target price on shares of Ascena Retail Group in a research note on Thursday, October 6th. Cowen and Company dropped their target price on Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, September 20th. Finally, Citigroup Inc. dropped their target price on Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, September 20th.

Ascena Retail Group (NASDAQ:ASNA) opened at 5.99 on Friday. Ascena Retail Group has a 52 week low of $4.68 and a 52 week high of $12.85. The stock has a 50 day moving average price of $5.30 and a 200 day moving average price of $7.07. The stock’s market cap is $1.15 billion.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, September 19th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. The business 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 was up 54.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities analysts predict that Ascena Retail Group will post $0.61 earnings per share for the current year.

Several large investors have recently bought and sold shares of ASNA. Vanguard Group Inc. raised its stake in Ascena Retail Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 12,534,452 shares of the company’s stock worth $87,616,000 after buying an additional 298,703 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ascena Retail Group by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 10,889,809 shares of the company’s stock worth $76,120,000 after buying an additional 149,142 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Ascena Retail Group by 4.2% in the third quarter. BlackRock Fund Advisors now owns 8,917,052 shares of the company’s stock worth $49,846,000 after buying an additional 358,512 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Ascena Retail Group by 11.4% in the third quarter. Wells Fargo & Company MN now owns 8,165,093 shares of the company’s stock worth $45,643,000 after buying an additional 837,409 shares in the last quarter. Finally, State Street Corp increased its position in shares of Ascena Retail Group by 2.0% in the second quarter. State Street Corp now owns 5,971,829 shares of the company’s stock worth $41,743,000 after buying an additional 114,616 shares in the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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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