Ascena Retail Group, Inc. (NASDAQ:ASNA) had its target price cut by Royal Bank Of Canada from $5.00 to $2.50 in a report published on Friday morning, MarketBeat.com reports. They currently have a sector perform rating on the specialty retailer’s stock.

Other equities analysts have also issued reports about the stock. FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the company a hold rating in a report on Tuesday, August 15th. Cowen and Company reissued a market perform rating and issued a $2.00 target price (down from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. BidaskClub raised shares of Ascena Retail Group from a strong sell rating to a sell rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a sell rating to a hold rating in a report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock has an average rating of Hold and an average target price of $3.50.

Ascena Retail Group (NASDAQ:ASNA) opened at 2.19 on Friday. The firm has a 50-day moving average of $2.13 and a 200-day moving average of $2.61. The firm’s market capitalization is $420.46 million. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $8.19.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm earned $0.08 EPS. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Ascena Retail Group will post $0.17 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System boosted its stake in shares of Ascena Retail Group by 1.3% in the 1st quarter. Arizona State Retirement System now owns 88,300 shares of the specialty retailer’s stock valued at $376,000 after purchasing an additional 1,100 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Ascena Retail Group by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 1,145 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Ascena Retail Group by 2.3% in the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after purchasing an additional 1,739 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Ascena Retail Group by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock valued at $169,000 after purchasing an additional 2,595 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Ascena Retail Group by 2.8% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock valued at $501,000 after purchasing an additional 3,217 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

About Ascena Retail Group

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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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