Equities research analysts predict that Ascena Retail Group (NASDAQ:ASNA) will announce sales of $1.48 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ascena Retail Group’s earnings. The lowest sales estimate is $1.48 billion and the highest is $1.49 billion. Ascena Retail Group reported sales of $1.57 billion in the same quarter last year, which would suggest a negative year over year growth rate of 5.7%. The firm is expected to report its next earnings results on Thursday, June 14th.
On average, analysts expect that Ascena Retail Group will report full year sales of $6.32 billion for the current fiscal year, with estimates ranging from $6.27 billion to $6.37 billion. For the next year, analysts anticipate that the company will report sales of $6.28 billion per share, with estimates ranging from $6.20 billion to $6.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ascena Retail Group.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Ascena Retail Group had a positive return on equity of 2.02% and a negative net margin of 16.52%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year.
Several research firms have recently commented on ASNA. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. B. Riley reduced 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. ValuEngine cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Finally, Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Ascena Retail Group currently has a consensus rating of “Hold” and a consensus price target of $2.60.
ASNA opened at $2.16 on Friday. 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 PE ratio of 9.82 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.
Several institutional investors and hedge funds have recently bought and sold shares of ASNA. Towle & Co. lifted its holdings in shares of Ascena Retail Group by 92.2% in the 4th quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock valued at $19,666,000 after buying an additional 4,015,210 shares during the period. Renaissance Technologies LLC raised its holdings in Ascena Retail Group by 1,559.1% during the fourth quarter. Renaissance Technologies LLC now owns 960,600 shares of the specialty retailer’s stock worth $2,257,000 after purchasing an additional 902,700 shares during the last quarter. ICM Asset Management Inc. WA raised its holdings in Ascena Retail Group by 107.5% during the fourth quarter. ICM Asset Management Inc. WA now owns 1,521,935 shares of the specialty retailer’s stock worth $3,577,000 after purchasing an additional 788,545 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Ascena Retail Group by 131.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,321,737 shares of the specialty retailer’s stock worth $3,239,000 after purchasing an additional 750,401 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Ascena Retail Group by 2.5% during the fourth quarter. BlackRock Inc. now owns 22,179,752 shares of the specialty retailer’s stock worth $52,123,000 after purchasing an additional 538,101 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.
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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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