BidaskClub cut shares of Ascena Retail Group (NASDAQ:ASNA) from a buy rating to a hold rating in a research report report published on Friday.

Several other research firms have also recently weighed in on ASNA. Zacks Investment Research upgraded shares of Ascena Retail Group from a sell rating to a hold rating in a research report on Monday, September 18th. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Tuesday, August 15th. Royal Bank Of Canada set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Saturday, October 7th. KeyCorp restated a hold rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Finally, ValuEngine cut shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock has an average rating of Hold and a consensus price target of $3.36.

Ascena Retail Group (NASDAQ ASNA) remained flat at $$1.99 during trading hours on Friday. 1,933,700 shares of the company traded hands, compared to its average volume of 3,199,000. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. The company has a market cap of $390.12, a P/E ratio of 14.21 and a beta of 1.96.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. Ascena Retail Group’s quarterly revenue was down 5.3% compared to the same quarter last year. research analysts forecast that Ascena Retail Group will post 0.15 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC acquired a new stake in Ascena Retail Group during the 3rd quarter worth $133,000. Virtu KCG Holdings LLC grew its holdings in shares of Ascena Retail Group by 47.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 21,823 shares during the period. M&T Bank Corp grew its holdings 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 buying an additional 1,739 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Ascena Retail Group in the 3rd quarter valued at $172,000. Finally, Stevens Capital Management LP grew its holdings in shares of Ascena Retail Group by 230.3% in the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock valued at $188,000 after buying an additional 53,622 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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