Ascena Retail Group Inc. (NASDAQ:ASNA) had its price target reduced by Citigroup Inc. from $8.00 to $7.00 in a research report report published on Tuesday. They currently have a neutral rating on the stock.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

A number of other brokerages have also issued reports on ASNA. RBC Capital Markets lowered shares of Ascena Retail Group from an outperform rating to a sector perform rating and set a $7.00 target price on the stock. in a research report on Tuesday. FBR & Co lowered shares of Ascena Retail Group from an outperform rating to a market perform rating and decreased their target price for the stock from $15.00 to $7.00 in a research report on Tuesday. Telsey Advisory Group decreased their target price on shares of Ascena Retail Group from $9.00 to $7.00 and set a market perform rating on the stock in a research report on Tuesday. Royal Bank Of Canada lowered shares of Ascena Retail Group from an outperform rating to a sector perform rating and decreased their target price for the stock from $12.00 to $7.00 in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Ascena Retail Group from a sell rating to a hold rating in a research report on Tuesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ascena Retail Group presently has a consensus rating of Hold and a consensus price target of $11.58.

Ascena Retail Group (NASDAQ:ASNA) opened at 5.525 on Tuesday. The company’s market cap is $1.06 billion. The stock has a 50 day moving average of $7.96 and a 200-day moving average of $8.31. Ascena Retail Group has a 1-year low of $5.37 and a 1-year high of $14.76.

Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, September 19th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Ascena Retail Group had a positive return on equity of 6.20% and a negative net margin of 0.17%. The business had revenue of $1.81 billion for the quarter. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 54.9% on a year-over-year basis. On average, equities research analysts predict that Ascena Retail Group will post $0.83 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Stadium Capital Management LLC raised its stake in shares of Ascena Retail Group by 33.7% in the first quarter. Stadium Capital Management LLC now owns 12,345,927 shares of the company’s stock worth $136,546,000 after buying an additional 3,113,869 shares in the last quarter. Coliseum Capital Management LLC raised its stake in shares of Ascena Retail Group by 38.6% in the second quarter. Coliseum Capital Management LLC now owns 5,624,132 shares of the company’s stock worth $39,313,000 after buying an additional 1,565,716 shares in the last quarter. Murphy Michael R raised its stake in shares of Ascena Retail Group by 111.1% in the second quarter. Murphy Michael R now owns 1,840,020 shares of the company’s stock worth $12,862,000 after buying an additional 968,546 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Ascena Retail Group by 49.5% in the second quarter. Victory Capital Management Inc. now owns 2,902,418 shares of the company’s stock worth $20,288,000 after buying an additional 961,093 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Ascena Retail Group by 367.0% in the first quarter. Prudential Financial Inc. now owns 1,052,085 shares of the company’s stock worth $11,636,000 after buying an additional 826,800 shares in the last quarter. Hedge funds and other institutional investors 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.

5 Day Chart for NASDAQ:ASNA

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