Shares of Ascena Retail Group Inc (NASDAQ:ASNA) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.33.

Separately, ValuEngine upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd.

Ascena Retail Group stock traded down $0.09 during trading hours on Friday, reaching $4.40. The stock had a trading volume of 222,772 shares, compared to its average volume of 265,970. The company has a market cap of $44.77 million, a price-to-earnings ratio of -0.07 and a beta of 1.18. The company has a debt-to-equity ratio of 12.53, a current ratio of 1.19 and a quick ratio of 0.51. The business’s 50 day moving average price is $6.01 and its 200-day moving average price is $2.09. Ascena Retail Group has a 52 week low of $4.00 and a 52 week high of $47.80.

Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, December 9th. The specialty retailer reported $3.60 EPS for the quarter. Ascena Retail Group had a negative net margin of 11.13% and a negative return on equity of 23.56%. The business had revenue of $1.30 billion during the quarter.

Hedge funds have recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Ascena Retail Group by 190.1% during the second quarter. Invesco Ltd. now owns 5,661,002 shares of the specialty retailer’s stock worth $3,453,000 after acquiring an additional 3,709,522 shares during the last quarter. Millennium Management LLC grew its stake in shares of Ascena Retail Group by 8,036.8% during the third quarter. Millennium Management LLC now owns 6,921,394 shares of the specialty retailer’s stock worth $1,827,000 after acquiring an additional 6,836,331 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Ascena Retail Group during the third quarter worth about $29,000. Russell Investments Group Ltd. purchased a new stake in shares of Ascena Retail Group during the third quarter worth about $135,000. Finally, Public Employees Retirement System of Ohio boosted its position in Ascena Retail Group by 127.3% in the third quarter. Public Employees Retirement System of Ohio now owns 183,281 shares of the specialty retailer’s stock valued at $48,000 after buying an additional 102,631 shares during the last quarter.

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.

See Also: Beige Book

Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.