Ascena Retail Group (NASDAQ:ASNA) has been assigned a $2.00 price objective by analysts at B. Riley in a report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the specialty retailer’s stock. B. Riley’s price target points to a potential upside of 75.44% from the stock’s previous close. B. Riley also issued estimates for Ascena Retail Group’s Q4 2019 earnings at $0.10 EPS.
ASNA has been the subject of several other research reports. Zacks Investment Research cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. ValuEngine cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. BidaskClub cut shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 25th. Finally, Citigroup upgraded shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 target price for the company in a research note on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ascena Retail Group has a consensus rating of “Hold” and an average target price of $2.64.
Shares of NASDAQ:ASNA traded down $0.12 during midday trading on Friday, hitting $1.14. The company’s stock had a trading volume of 3,306,626 shares, compared to its average volume of 3,347,829. The company has a market cap of $248.93 million, a P/E ratio of -57.00 and a beta of 1.40. Ascena Retail Group has a fifty-two week low of $0.97 and a fifty-two week high of $5.28. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.51 and a current ratio of 1.28.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business posted ($0.12) EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that Ascena Retail Group will post -0.45 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Weiss Asset Management LP lifted its stake in Ascena Retail Group by 52.1% during the first quarter. Weiss Asset Management LP now owns 44,269 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 15,163 shares during the period. Lombard Odier Asset Management USA Corp bought a new position in Ascena Retail Group during the first quarter worth about $184,000. AQR Capital Management LLC lifted its stake in Ascena Retail Group by 24.0% during the first quarter. AQR Capital Management LLC now owns 874,472 shares of the specialty retailer’s stock worth $944,000 after purchasing an additional 168,992 shares during the period. Sapience Investments LLC lifted its stake in Ascena Retail Group by 59.2% during the first 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 period. Finally, Hancock Whitney Corp lifted its stake in Ascena Retail Group by 8.4% during the first quarter. Hancock Whitney Corp now owns 263,359 shares of the specialty retailer’s stock worth $284,000 after purchasing an additional 20,418 shares during the period. Institutional investors and hedge funds own 99.29% 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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