Ascena Retail Group (NASDAQ:ASNA)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $1.00 price target on the specialty retailer’s stock, down from their prior price target of $2.00. Telsey Advisory Group’s price target suggests a potential upside of 13.64% from the company’s previous close.

Several other equities research analysts have also recently weighed in on ASNA. Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th. ValuEngine cut Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Citigroup upgraded Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 target price for the company in a report on Wednesday, April 3rd. BidaskClub upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, B. Riley set a $2.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a report on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $1.64.

Shares of ASNA stock opened at $0.88 on Tuesday. Ascena Retail Group has a twelve month low of $0.85 and a twelve month high of $5.28. The company has a current ratio of 1.38, a quick ratio of 0.51 and a debt-to-equity ratio of 2.62.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, June 10th. The specialty retailer reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.11. Ascena Retail Group had a negative return on equity of 10.72% and a negative net margin of 4.28%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business earned ($0.08) EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts anticipate that Ascena Retail Group will post -0.48 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ASNA. Sapience Investments LLC lifted its stake in shares of Ascena Retail Group by 59.2% during the 1st quarter. Sapience Investments LLC now owns 9,198,151 shares of the specialty retailer’s stock worth $9,934,000 after purchasing an additional 3,420,461 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Ascena Retail Group by 753.4% during the 4th quarter. Acadian Asset Management LLC now owns 1,271,109 shares of the specialty retailer’s stock worth $3,192,000 after purchasing an additional 1,122,158 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Ascena Retail Group by 3.4% during the 4th quarter. BlackRock Inc. now owns 25,987,545 shares of the specialty retailer’s stock worth $65,227,000 after purchasing an additional 862,137 shares during the last quarter. Norges Bank purchased a new stake in shares of Ascena Retail Group during the 4th quarter worth $1,828,000. Finally, OppenheimerFunds Inc. lifted its stake in shares of Ascena Retail Group by 42.7% during the 1st quarter. OppenheimerFunds Inc. now owns 1,927,620 shares of the specialty retailer’s stock worth $2,082,000 after purchasing an additional 577,234 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.

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