Ascena Retail Group Inc. (NASDAQ:ASNA) had its price objective dropped by analysts at Royal Bank Of Canada from $6.00 to $5.00 in a research note issued to investors on Thursday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential downside of 1.96% from the company’s current price.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. FBR & Co restated a “hold” rating and set a $7.00 price target on shares of Ascena Retail Group in a research note on Thursday, October 6th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Ascena Retail Group in a research note on Tuesday, January 10th. RBC Capital Markets set a $6.00 price target on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Thursday, January 5th. Finally, Cowen and Company restated a “market perform” rating and set a $7.00 price target on shares of Ascena Retail Group in a research note on Sunday, December 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $8.33.
Ascena Retail Group (NASDAQ:ASNA) opened at 5.10 on Thursday. Ascena Retail Group has a 52 week low of $4.68 and a 52 week high of $11.26. The company has a market capitalization of $975.05 million, a price-to-earnings ratio of 48.11 and a beta of 2.04. The firm’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 quarterly 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. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.72 billion. Ascena Retail Group had a return on equity of 4.50% and a net margin of 0.29%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 EPS. On average, equities analysts expect that Ascena Retail Group will post $0.42 earnings per share for the current year.
In other news, Chairman Elliot S. Jaffe sold 9,150 shares of Ascena Retail Group 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 completion of the transaction, the chairman now owns 1,093,267 shares in the company, valued at $8,319,761.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ASNA. Tower Research Capital LLC TRC boosted its position 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 worth $110,000 after buying an additional 14,377 shares during the period. TradeLink Capital LLC boosted its position in Ascena Retail Group by 20.6% in the second quarter. TradeLink Capital LLC now owns 22,031 shares of the company’s stock worth $154,000 after buying an additional 3,769 shares during the period. Amalgamated Bank boosted its position in Ascena Retail Group by 10.9% in the second quarter. Amalgamated Bank now owns 21,240 shares of the company’s stock worth $161,000 after buying an additional 2,093 shares during the period. Geduld E E purchased a new position in Ascena Retail Group during the third quarter worth about $168,000. Finally, Verition Fund Management LLC purchased a new position in Ascena Retail Group during the third quarter worth about $171,000. Institutional investors 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.