Ascena Retail Group (ASNA) Receiving Somewhat Positive Press Coverage, Analysis Shows
News articles about Ascena Retail Group (NASDAQ:ASNA) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ascena Retail Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 46.3387152500642 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Ascena Retail Group, Inc. (NASDAQ:ASNA) Stock Traded -8.2% Below Its 50 Day Average (highlightpress.com)
- Zacks: Brokerages Expect Ascena Retail Group, Inc. (ASNA) Will Announce Earnings of -$0.03 Per Share (americanbankingnews.com)
- Ascena Retail Group, Inc. (NASDAQ:ASNA) Sees Significantly Lower Trading Volume – Modern Readers (modernreaders.com)
- Ascena Retail Group Inc (ASNA) A Look Inside the Technicals – Sheridan Daily (sheridandaily.com)
- What the Chart Means for Ascena Retail Group, Inc. (ASNA) – Economic News (economicsandmoney.com)
Ascena Retail Group (ASNA) traded up 1.49% during midday trading on Thursday, reaching $2.04. The company’s stock had a trading volume of 869,058 shares. The company’s market capitalization is $391.48 million. The company’s 50-day moving average price is $2.19 and its 200-day moving average price is $3.13. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $8.89.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. On average, analysts predict that Ascena Retail Group will post $0.13 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Royal Bank Of Canada set a $5.00 target price on Ascena Retail Group and gave the company a “hold” rating in a report on Saturday, May 13th. BidaskClub downgraded Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Cowen and Company reissued a “market perform” rating and issued a $2.00 target price (down previously from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. FBR & Co set a $3.00 target price on Ascena Retail Group and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.83.
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Ascena Retail Group Company Profile
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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