Ascena Retail Group, Inc. (NASDAQ:ASNA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. FBR & Co set a $3.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a report on Tuesday, August 15th. KeyCorp reissued a “hold” rating on shares of Ascena Retail Group in a report on Wednesday, October 11th. Royal Bank Of Canada set a $3.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a report on Saturday, October 7th. Finally, BidaskClub raised Ascena Retail Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Ascena Retail Group presently has a consensus rating of “Hold” and an average target price of $3.50.

Ascena Retail Group (NASDAQ:ASNA) traded down $0.04 during midday trading on Tuesday, reaching $1.91. The company had a trading volume of 2,083,763 shares, compared to its average volume of 2,680,000. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24. Ascena Retail Group has a one year low of $1.65 and a one year high of $8.19. The stock has a market cap of $383.19, a PE ratio of 9.29 and a beta of 1.87.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm earned $0.08 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. sell-side analysts predict that Ascena Retail Group will post 0.23 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of ASNA. Peak Capital Management LLC purchased a new stake in shares of Ascena Retail Group during the 2nd quarter worth approximately $108,000. Virtu KCG Holdings LLC raised its holdings in shares of Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 21,823 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Ascena Retail Group by 2.3% during the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after acquiring an additional 1,739 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Ascena Retail Group during the 3rd quarter worth approximately $172,000. Finally, Stevens Capital Management LP raised its holdings in shares of Ascena Retail Group by 230.3% during the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after acquiring an additional 53,622 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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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