Ascena Retail Group (NASDAQ:ASNA) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Several other research analysts have also recently issued reports on ASNA. 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, October 17th. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley restated a “neutral” rating on shares of Ascena Retail Group in a report on Wednesday, November 1st. Finally, KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Ascena Retail Group (ASNA) opened at $2.02 on Wednesday. Ascena Retail Group has a twelve month low of $1.65 and a twelve month 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. The stock has a market cap of $382.28, a price-to-earnings ratio of -0.37 and a beta of 1.93.

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

In related news, Director Krill Katherine Lawther sold 19,400 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the sale, the director now owns 108,957 shares in the company, valued at approximately $253,869.81. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.02% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in ASNA. Teacher Retirement System of Texas raised its position in Ascena Retail Group by 298.9% during the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after buying an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Ascena Retail Group during the 3rd quarter worth $133,000. Virtu KCG Holdings LLC raised its position in 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 buying an additional 21,823 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Ascena Retail Group during the 3rd quarter worth $172,000. Finally, Stevens Capital Management LP raised its position in 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 buying an additional 53,622 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

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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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