BidaskClub cut shares of Ascena Retail Group (NASDAQ:ASNA) from a hold rating to a sell rating in a report released on Wednesday.

Other analysts also recently issued reports about the stock. B. Riley restated a neutral rating on shares of Ascena Retail Group in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Ascena Retail Group from a sell rating to a hold rating in a research report on Tuesday. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Tuesday, October 17th. KeyCorp restated a hold rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Finally, ValuEngine downgraded shares of 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 ten have issued a hold rating to the stock. The company presently has a consensus rating of Hold and an average price target of $2.75.

Shares of Ascena Retail Group (NASDAQ ASNA) opened at $1.89 on Wednesday. The firm has a market cap of $356.79, a PE ratio of -0.34 and a beta of 1.93. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $5.50. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%. Ascena Retail Group’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. equities analysts predict that Ascena Retail Group will post 0.15 earnings per share for the current year.

In other Ascena Retail Group news, Director Krill Katherine Lawther sold 19,400 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. Following the sale, the director now directly owns 108,957 shares in the company, valued at approximately $253,869.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.02% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas grew its stake in shares of Ascena Retail Group by 298.9% in the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Ascena Retail Group in the 3rd quarter worth approximately $133,000. Virtu KCG Holdings LLC grew its stake 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 worth $145,000 after purchasing an additional 21,823 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Ascena Retail Group in the 3rd quarter worth approximately $172,000. Finally, Stevens Capital Management LP grew its stake 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 worth $188,000 after purchasing an additional 53,622 shares during the last quarter. 95.01% of the stock is currently owned by 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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