Ascena Retail Group (NASDAQ:ASNA) – Investment analysts at KeyCorp boosted their Q4 2018 EPS estimates for shares of Ascena Retail Group in a research note issued to investors on Thursday, May 17th. KeyCorp analyst E. Yruma now expects that the specialty retailer will earn $0.13 per share for the quarter, up from their previous estimate of $0.12.
Other analysts have also recently issued reports about the company. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. ValuEngine raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, 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. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $2.50.
ASNA opened at $3.20 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.29 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $627.82 million, a PE ratio of 14.55 and a beta of 1.72. Ascena Retail Group has a 12 month low of $1.67 and a 12 month high of $3.34.
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). The company had revenue of $1.72 billion for 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 period in the previous year, the business posted ($0.07) earnings per share.
Several institutional investors and hedge funds have recently bought and sold shares of ASNA. Jane Street Group LLC lifted its holdings in shares of Ascena Retail Group by 384.8% in the 1st quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 44,168 shares during the period. Teacher Retirement System of Texas raised its holdings 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 worth $116,000 after purchasing an additional 36,884 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings 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 worth $170,000 after purchasing an additional 56,415 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in Ascena Retail Group during the fourth quarter worth $181,000. Finally, Wedge Capital Management L L P NC acquired a new position in Ascena Retail Group during the fourth quarter worth $250,000. 91.98% of the stock is owned by institutional investors and hedge funds.
About Ascena Retail Group
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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