Ascena Retail Group (ASNA) Stock Rating Lowered by BidaskClub

Ascena Retail Group (NASDAQ:ASNA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other brokerages also recently issued reports on ASNA. B. Riley cut their price objective on shares of Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Tuesday, December 5th. Royal Bank Of Canada cut their price objective on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 6th. Zacks Investment Research raised 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 company a “hold” rating in a research report on Tuesday, August 15th. Finally, KeyCorp reissued a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. Ascena Retail Group presently has a consensus rating of “Hold” and a consensus price target of $3.36.

Shares of Ascena Retail Group (NASDAQ ASNA) opened at $1.99 on Friday. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $8.19. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.36. The stock has a market cap of $390.12, a price-to-earnings ratio of 14.21 and a beta of 1.96.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data 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 firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. sell-side analysts forecast that Ascena Retail Group will post 0.15 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASNA. Teachers Advisors LLC lifted its stake in shares of Ascena Retail Group by 3.9% during the 1st quarter. Teachers Advisors LLC now owns 305,091 shares of the specialty retailer’s stock valued at $1,300,000 after buying an additional 11,432 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Ascena Retail Group by 136.7% during the 1st quarter. Bank of America Corp DE now owns 282,269 shares of the specialty retailer’s stock valued at $1,203,000 after buying an additional 162,997 shares in the last quarter. State Street Corp lifted its stake in shares of Ascena Retail Group by 16.4% during the 1st quarter. State Street Corp now owns 5,157,993 shares of the specialty retailer’s stock valued at $21,976,000 after buying an additional 727,206 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of Ascena Retail Group by 2.8% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock valued at $501,000 after buying an additional 3,217 shares in the last quarter. Finally, Credit Suisse AG lifted its stake in shares of Ascena Retail Group by 4.8% during the 1st quarter. Credit Suisse AG now owns 345,888 shares of the specialty retailer’s stock valued at $1,473,000 after buying an additional 15,816 shares in the last quarter. Institutional investors own 95.06% of the company’s stock.

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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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