Equities analysts forecast that Ascena Retail Group (NASDAQ:ASNA) will announce earnings of ($0.10) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ascena Retail Group’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.09). Ascena Retail Group reported earnings of $0.05 per share in the same quarter last year, which indicates a negative year over year growth rate of 300%. The company is scheduled to report its next quarterly earnings report on Thursday, June 14th.
Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Ascena Retail Group.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Ascena Retail Group had a negative net margin of 16.52% and a positive return on equity of 2.02%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company earned ($0.07) EPS. Ascena Retail Group’s revenue for the quarter was down 1.7% compared to the same quarter last year.
Several equities analysts have commented on ASNA shares. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. B. Riley cut their price target on Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, March 6th. Finally, ValuEngine cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Ascena Retail Group has a consensus rating of “Hold” and a consensus target price of $2.60.
A number of institutional investors have recently bought and sold shares of the business. ICM Asset Management Inc. WA raised its holdings in Ascena Retail Group by 107.5% in the 4th quarter. ICM Asset Management Inc. WA now owns 1,521,935 shares of the specialty retailer’s stock valued at $3,577,000 after acquiring an additional 788,545 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Ascena Retail Group by 201.0% in the 4th quarter. Millennium Management LLC now owns 297,885 shares of the specialty retailer’s stock worth $700,000 after buying an additional 198,929 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Ascena Retail Group by 34.2% in the 4th quarter. Two Sigma Advisers LP now owns 331,070 shares of the specialty retailer’s stock worth $778,000 after buying an additional 84,300 shares in the last quarter. Sapience Investments LLC raised its holdings in shares of Ascena Retail Group by 2.2% in the 4th 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, Stone Ridge Asset Management LLC acquired a new position in shares of Ascena Retail Group in the 4th quarter worth approximately $181,000. 91.64% of the stock is owned by hedge funds and other institutional investors.
Ascena Retail Group stock opened at $2.25 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.29 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $441.44, a price-to-earnings ratio of 10.23 and a beta of 1.74. Ascena Retail Group has a 12 month low of $1.65 and a 12 month high of $4.11.
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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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