Ascena Retail Group Inc. (NASDAQ:ASNA) is scheduled to be releasing its Q117 earnings data on Thursday, December 1st. Analysts expect Ascena Retail Group to post earnings of $0.20 per share and revenue of $1.72 billion for the quarter. Ascena Retail Group has set its FY17 guidance at $0.60-0.65 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, September 19th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. The company 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 quarter in the prior year, the firm posted $0.06 earnings per share. On average, analysts expect Ascena Retail Group to post $0.61 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.

Earnings History for Ascena Retail Group (NASDAQ:ASNA)

Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) opened at 6.40 on Tuesday. The company has a 50 day moving average price of $5.51 and a 200-day moving average price of $6.88. The stock’s market capitalization is $1.23 billion. Ascena Retail Group Inc. has a 1-year low of $4.68 and a 1-year high of $12.85.

Institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in Ascena Retail Group by 4.7% in the second quarter. BlackRock Fund Advisors now owns 8,558,540 shares of the company’s stock worth $59,824,000 after buying an additional 380,792 shares during the last quarter. State Street Corp raised its position in 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 during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Ascena Retail Group by 0.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,092,615 shares of the company’s stock worth $35,597,000 after buying an additional 29,892 shares during the last quarter. Murphy Michael R raised its position in Ascena Retail Group by 111.1% in the second quarter. Murphy Michael R now owns 1,840,020 shares of the company’s stock worth $12,862,000 after buying an additional 968,546 shares during the last quarter. Finally, Morgan Stanley raised its position in Ascena Retail Group by 20.2% in the third quarter. Morgan Stanley now owns 1,362,044 shares of the company’s stock worth $7,614,000 after buying an additional 228,562 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

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Several equities analysts have weighed in on the company. Cowen and Company cut their target price on Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday, September 20th. Oppenheimer Holdings Inc. lowered Ascena Retail Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Royal Bank Of Canada lowered Ascena Retail Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $12.00 to $7.00 in a report on Tuesday, September 20th. FBR & Co lowered Ascena Retail Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $15.00 to $7.00 in a report on Tuesday, September 20th. Finally, RBC Capital Markets lowered Ascena Retail Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $12.00 to $7.00 in a report on Tuesday, September 20th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.80.

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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