Ascena Retail Group, Inc. (ASNA) Rating Reiterated by KeyCorp
Ascena Retail Group, Inc. (NASDAQ:ASNA)‘s stock had its “hold” rating reissued by stock analysts at KeyCorp in a research note issued on Thursday.
Several other equities analysts also recently commented on ASNA. BidaskClub raised Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. FBR & Co set a $3.00 target price on Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Royal Bank Of Canada reduced their price target on Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating on the stock in a research report on Friday, October 6th. Finally, ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.50.
Ascena Retail Group (ASNA) opened at $2.25 on Thursday. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. The company has a market capitalization of $411.62, a P/E ratio of 9.29 and a beta of 1.87.
Ascena Retail Group (NASDAQ:ASNA) last posted 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 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 the consensus estimate of $1.57 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. sell-side analysts expect that Ascena Retail Group will post 0.23 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its stake in Ascena Retail Group by 1.2% during the third quarter. Sterling Capital Management LLC now owns 4,865,249 shares of the specialty retailer’s stock worth $11,920,000 after purchasing an additional 55,539 shares during the last quarter. California Public Employees Retirement System lifted its stake in Ascena Retail Group by 41.8% during the third quarter. California Public Employees Retirement System now owns 1,752,142 shares of the specialty retailer’s stock worth $4,293,000 after purchasing an additional 516,883 shares during the last quarter. Tenzing Global Management LLC bought a new stake in Ascena Retail Group during the third quarter worth $1,593,000. Boothbay Fund Management LLC bought a new stake in Ascena Retail Group during the third quarter worth $133,000. Finally, Royce & Associates LP lifted its stake in shares of Ascena Retail Group by 50.1% in the 3rd quarter. Royce & Associates LP now owns 919,468 shares of the specialty retailer’s stock valued at $2,253,000 after acquiring an additional 306,950 shares during the last quarter. Hedge funds and other institutional investors own 94.88% 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.
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