Zacks Investment Research cut shares of Ascena Retail Group (NASDAQ:ASNA) from a hold rating to a sell rating in a research note released on Wednesday, March 7th.
According to Zacks, “Ascena Retail Group, Inc, formerly known as The Dress Barn, Inc., operates as a national specialty retailer of apparel for women and girls under the Dressbarn, Maurices and Justice brands. Its Dressbarn stores offer casual, career and special occasion fashion apparel and accessories; Maurices stores offer casual and career apparel and accessories; and Justice stores offer trend-right apparel and accessories. Ascena Retail Group, Inc. is based in Suffern, New York. “
Several other analysts have also commented on ASNA. BidaskClub lowered shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Wednesday, February 7th. KeyCorp restated a hold rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. ValuEngine lowered shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. Finally, B. Riley dropped their price target on shares of Ascena Retail Group from $3.00 to $2.50 and set a neutral rating on the stock in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $2.60.
Ascena Retail Group (NASDAQ ASNA) traded down $0.01 during midday trading on Wednesday, hitting $2.02. 1,163,853 shares of the company’s stock were exchanged, compared to its average volume of 2,020,171. The stock has a market capitalization of $398.27, a PE ratio of 22.56 and a beta of 1.76. Ascena Retail Group has a fifty-two week low of $1.65 and a fifty-two week high of $4.50. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.03). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. Ascena Retail Group had a positive return on equity of 2.02% and a negative net margin of 16.52%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. sell-side analysts forecast that Ascena Retail Group will post -0.06 earnings per share for the current year.
In other news, Director Krill Katherine Lawther sold 195,600 shares of Ascena Retail Group stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $2.45, for a total value of $479,220.00. Following the sale, the director now owns 108,957 shares in the company, valued at $266,944.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.02% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Ascena Retail Group by 2.5% in the fourth quarter. BlackRock Inc. now owns 22,179,752 shares of the specialty retailer’s stock worth $52,123,000 after buying an additional 538,101 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ascena Retail Group by 14.5% in the second quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock worth $35,763,000 after buying an additional 2,101,044 shares in the last quarter. Towle & Co. lifted its stake in shares of Ascena Retail Group by 92.2% in the fourth quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock worth $19,666,000 after buying an additional 4,015,210 shares in the last quarter. Sapience Investments LLC lifted its stake in shares of Ascena Retail Group by 2.2% in the fourth quarter. Sapience Investments LLC now owns 6,019,825 shares of the specialty retailer’s stock worth $14,147,000 after buying an additional 128,580 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Ascena Retail Group by 1.2% in the third quarter. Sterling Capital Management LLC now owns 4,865,249 shares of the specialty retailer’s stock worth $11,920,000 after buying an additional 55,539 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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