Ascena Retail Group Inc. (NASDAQ:ASNA) was downgraded by investment analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Telsey Advisory Group decreased their price target on Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday. FBR & Co lowered Ascena Retail Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $15.00 to $7.00 in a research note on Tuesday. Cowen and Company reaffirmed a “market perform” rating and issued a $8.00 price objective (down from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, Citigroup Inc. reduced their price objective on Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Ascena Retail Group currently has a consensus rating of “Hold” and a consensus target price of $11.58.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.57 on Tuesday. The company’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. The stock has a 50 day moving average price of $7.90 and a 200-day moving average price of $8.29.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Monday, September 19th. The company reported $0.08 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 6.18% and a negative net margin of 0.17%. The company earned $1.81 billion during the quarter. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 54.9% compared to the same quarter last year. Equities research analysts expect that Ascena Retail Group will post $0.63 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of 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. Springbok Capital Management LLC increased its position in shares of Ascena Retail Group by 136.4% in the first quarter. Springbok Capital Management LLC now owns 18,200 shares of the company’s stock worth $201,000 after buying an additional 10,500 shares during the period. LSV Asset Management bought a new position in shares of Ascena Retail Group during the second quarter worth about $127,000. Eqis Capital Management Inc. increased its position in shares of Ascena Retail Group by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,209 shares of the company’s stock worth $134,000 after buying an additional 121 shares during the period. Finally, Amalgamated Bank increased its position in shares of 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. Institutional investors own 94.47% of the company’s stock.

Ascena Retail Group Company Profile

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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