Ascena Retail Group Inc. (NASDAQ:ASNA) posted its earnings results on Monday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The business had revenue of $1.81 billion for the quarter. Ascena Retail Group had a positive return on equity of 6.15% and a negative net margin of 5.50%. The company’s revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Ascena Retail Group updated its FY17 guidance to $0.60-0.65 EPS.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.69 on Wednesday. The company’s market capitalization is $1.09 billion. Ascena Retail Group has a 1-year low of $5.66 and a 1-year high of $14.76. The company has a 50-day moving average price of $7.96 and a 200 day moving average price of $8.31.

A number of research analysts recently weighed in on ASNA shares. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 target price (down from $11.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. FBR & Co reissued an “outperform” rating and set a $15.00 target price (down from $18.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. Finally, Cowen and Company reissued a “market perform” rating and set a $8.00 target price (down from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ascena Retail Group has a consensus rating of “Hold” and a consensus target price of $11.58.

A number of hedge funds and other institutional investors have recently made changes to their positions in ASNA. Capstone Investment Advisors LLC purchased a new position in shares of Ascena Retail Group during the second quarter valued at about $217,000. Profund Advisors LLC raised its position in shares of Ascena Retail Group by 16.7% in the second quarter. Profund Advisors LLC now owns 39,453 shares of the company’s stock valued at $276,000 after buying an additional 5,640 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Ascena Retail Group by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 40,256 shares of the company’s stock valued at $281,000 after buying an additional 1,403 shares during the last quarter. KCG Holdings Inc. raised its position in shares of Ascena Retail Group by 58.0% in the second quarter. KCG Holdings Inc. now owns 56,460 shares of the company’s stock valued at $395,000 after buying an additional 20,722 shares during the last quarter. Finally, BlackRock Advisors LLC raised its position in shares of Ascena Retail Group by 3.4% in the second quarter. BlackRock Advisors LLC now owns 81,315 shares of the company’s stock valued at $568,000 after buying an additional 2,667 shares during the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.

About Ascena Retail Group

Ascena Retail Group, Inc is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines.

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