Ascena Retail Group Inc. (NASDAQ:ASNA) was downgraded by analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday. They currently have a $7.00 price objective on the stock, down from their prior price objective of $15.00. FBR & Co’s target price would indicate a potential upside of 25.67% from the company’s current price.

A number of other analysts have also weighed in on ASNA. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price target (down from $11.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company reaffirmed a “market perform” rating and set a $8.00 price target (down from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Royal Bank Of Canada downgraded Ascena Retail Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $12.00 to $7.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.58.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The company had revenue of $1.81 billion for 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 for the quarter was up 54.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. On average, equities research analysts predict that Ascena Retail Group will post $0.63 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake 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 valued at $110,000 after buying an additional 14,377 shares during the last quarter. LSV Asset Management acquired a new stake in Ascena Retail Group during the second quarter valued at approximately $127,000. Eqis Capital Management Inc. raised its stake in Ascena Retail Group by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,209 shares of the company’s stock valued at $134,000 after buying an additional 121 shares during the last quarter. TradeLink Capital LLC raised its stake in Ascena Retail Group by 20.6% in the second quarter. TradeLink Capital LLC now owns 22,031 shares of the company’s stock valued at $154,000 after buying an additional 3,769 shares during the last quarter. Finally, Amalgamated Bank raised its stake in Ascena Retail Group by 10.9% in the second quarter. Amalgamated Bank now owns 21,240 shares of the company’s stock valued at $161,000 after buying an additional 2,093 shares during the last quarter. 94.47% of the stock is currently owned by institutional investors.

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

Receive News & Ratings for Ascena Retail Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.