Oppenheimer Holdings Inc. reaffirmed their hold rating on shares of Ascena Retail Group Inc. (NASDAQ:ASNA) in a research note released on Wednesday.
A number of other equities research analysts have also recently commented on ASNA. Cowen and Company reaffirmed a market perform rating and issued a $6.00 target price (down from $7.00) on shares of Ascena Retail Group in a report on Thursday. RBC Capital Markets reiterated a sector perform rating and set a $5.00 price target (down from $6.00) on shares of Ascena Retail Group in a research note on Thursday. FBR & Co set a $7.00 price target on shares of Ascena Retail Group and gave the stock a hold rating in a research note on Wednesday, December 14th. Royal Bank Of Canada dropped their price target on shares of Ascena Retail Group from $6.00 to $5.00 and set a sector perform rating on the stock in a research note on Thursday. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Ascena Retail Group in a research note on Thursday, December 15th. They set a neutral rating and a $7.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Ascena Retail Group has an average rating of Hold and an average price target of $8.22.
Ascena Retail Group (NASDAQ:ASNA) traded down 5.69% during trading on Wednesday, reaching $4.81. 5,018,294 shares of the company’s stock were exchanged. Ascena Retail Group has a 52 week low of $4.68 and a 52 week high of $11.26. The stock has a market capitalization of $919.61 million, a price-to-earnings ratio of 45.38 and a beta of 2.04. The company’s 50 day moving average price is $6.56 and its 200-day moving average price is $6.73.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Thursday, December 1st. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.02. Ascena Retail Group had a net margin of 0.29% and a return on equity of 4.50%. The business earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company posted $0.36 earnings per share. Ascena Retail Group’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts expect that Ascena Retail Group will post $0.42 EPS for the current year.
In other news, Chairman Elliot S. Jaffe sold 9,150 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $7.61, for a total value of $69,631.50. Following the sale, the chairman now directly owns 1,093,267 shares in the company, valued at $8,319,761.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in Ascena Retail Group by 1,026.9% in the second quarter. Tower Research Capital LLC TRC now owns 15,777 shares of the company’s stock valued at $110,000 after buying an additional 14,377 shares in the last quarter. TradeLink Capital LLC raised its stake in Ascena Retail Group by 20.6% in the second quarter. TradeLink Capital LLC now owns 22,031 shares of the company’s stock valued at $154,000 after buying an additional 3,769 shares in the last quarter. Amalgamated Bank raised its stake in Ascena Retail Group by 10.9% in the second quarter. Amalgamated Bank now owns 21,240 shares of the company’s stock valued at $161,000 after buying an additional 2,093 shares in the last quarter. Geduld E E acquired a new stake in Ascena Retail Group during the third quarter valued at approximately $168,000. Finally, Verition Fund Management LLC acquired a new stake in Ascena Retail Group during the third quarter valued at approximately $171,000. Institutional investors and hedge funds own 92.90% of the company’s stock.
About Ascena Retail Group
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.