Ascena Retail Group Inc. (NASDAQ:ASNA) had its price objective reduced by analysts at Cowen and Company from $8.00 to $7.00 in a research report issued on Tuesday. The firm presently has a “market perform” rating on the stock. Cowen and Company’s price objective would indicate a potential upside of 25.67% from the company’s current price.

Several other analysts also recently weighed in on the stock. Citigroup Inc. lowered their price target on shares of Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. RBC Capital Markets downgraded shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and set a $7.00 price target for the company. in a research note on Tuesday. FBR & Co downgraded shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $15.00 to $7.00 in a research note on Tuesday. Finally, Oppenheimer Holdings Inc. downgraded shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Ascena Retail Group currently has an average rating of “Hold” and an average price target of $11.58.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.57 on Tuesday. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $8.29. The firm’s market capitalization is $1.07 billion. Ascena Retail Group has a 52 week low of $5.33 and a 52 week high of $14.76.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.08. The business earned $1.81 billion during the quarter. Ascena Retail Group had a positive return on equity of 6.18% and a negative net margin of 0.17%. The firm’s revenue was up 54.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. Analysts forecast that Ascena Retail Group will post $0.63 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Stadium Capital Management LLC boosted its position 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 valued at $136,546,000 after buying an additional 3,113,869 shares in the last quarter. Coliseum Capital Management LLC boosted its position 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 valued at $39,313,000 after buying an additional 1,565,716 shares in the last quarter. Murphy Michael R boosted its position 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 valued at $12,862,000 after buying an additional 968,546 shares in the last quarter. Victory Capital Management Inc. boosted its position 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 valued at $20,288,000 after buying an additional 961,093 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position 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 valued at $11,636,000 after buying an additional 826,800 shares in the last quarter. 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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