Ascena Retail Group Inc. (NASDAQ:ASNA)‘s stock had its “market perform” rating reiterated by FBR & Co in a research report issued on Tuesday. They presently have a $15.00 price objective on the stock, up from their previous price objective of $7.00. FBR & Co’s target price indicates a potential upside of 84.73% from the company’s previous close.

Several other research firms have also recently weighed in on ASNA. Telsey Advisory Group cut their price target on shares of Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating on the stock in a report on Tuesday. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Citigroup Inc. lowered their price objective on shares of Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.58.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 8.12 on Tuesday. Ascena Retail Group has a 52-week low of $6.33 and a 52-week high of $14.76. The company’s 50 day moving average is $8.03 and its 200 day moving average is $8.34. The firm’s market cap is $1.56 billion.

Ascena Retail Group (NASDAQ:ASNA) last released 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. Ascena Retail Group had a positive return on equity of 6.15% and a negative net margin of 5.50%. The firm had revenue of $1.81 billion for the quarter. During the same quarter in the previous year, the business posted $0.06 EPS. The business’s revenue was up 54.9% compared to the same quarter last year. Analysts anticipate that Ascena Retail Group will post $0.69 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the company. 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 worth $110,000 after buying an additional 14,377 shares during the period. LSV Asset Management purchased a new stake in Ascena Retail Group during the second quarter worth $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 worth $134,000 after buying an additional 121 shares during the period. 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 worth $154,000 after buying an additional 3,769 shares during the period. 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 worth $161,000 after buying an additional 2,093 shares during the period. 94.47% of the stock is currently owned by institutional investors and hedge funds.

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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