Ascena Retail Group (NASDAQ:ASNA) had its price objective boosted by equities research analysts at B. Riley to $3.50 in a report issued on Tuesday, June 5th. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. B. Riley’s target price indicates a potential downside of 17.65% from the stock’s current price. B. Riley also issued estimates for Ascena Retail Group’s Q4 2018 earnings at $0.03 EPS, FY2018 earnings at ($0.06) EPS, FY2019 earnings at $0.19 EPS and FY2020 earnings at $0.21 EPS.
Other equities research analysts have also issued reports about the company. ValuEngine raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Guggenheim reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Tuesday, June 5th. Finally, BidaskClub cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $3.38.
Shares of Ascena Retail Group opened at $4.25 on Tuesday, MarketBeat.com reports. The firm has a market cap of $863.35 million, a PE ratio of 19.32 and a beta of 1.82. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.57 and a current ratio of 1.28. Ascena Retail Group has a 1 year low of $1.69 and a 1 year high of $4.74.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Wednesday, June 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.47 billion. Ascena Retail Group had a negative return on equity of 1.08% and a negative net margin of 1.37%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. research analysts expect that Ascena Retail Group will post -0.06 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its position in Ascena Retail Group by 384.8% during the first quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 44,168 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Ascena Retail Group by 298.9% during the fourth quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 36,884 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in Ascena Retail Group by 201.0% during the first quarter. MetLife Investment Advisors LLC now owns 84,485 shares of the specialty retailer’s stock valued at $170,000 after purchasing an additional 56,415 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Ascena Retail Group during the fourth quarter valued at $181,000. Finally, Wedge Capital Management L L P NC acquired a new stake in Ascena Retail Group during the fourth quarter valued at $250,000. 92.32% of the stock is owned by institutional investors and hedge funds.
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 six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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