Ascena Retail Group Inc. (NASDAQ:ASNA) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $0.60-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.83. The company issued revenue guidance of $6.9-7.0 billion, compared to the consensus revenue estimate of $7.13 billion.

A number of research firms have weighed in on ASNA. Oppenheimer Holdings Inc. reissued a buy rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. Cowen and Company reissued a market perform rating and set a $8.00 price objective (down previously from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. 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. FBR & Co restated an outperform rating and set a $15.00 target price (down from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Telsey Advisory Group restated a market perform rating and set a $10.00 target price (down from $11.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ascena Retail Group has an average rating of Buy and an average price target of $13.73.

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

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ 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, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business posted $0.06 EPS. Ascena Retail Group’s revenue for the quarter was up 54.9% compared to the same quarter last year. Equities research analysts expect that Ascena Retail Group Inc. will post $0.69 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its stake in shares of Ascena Retail Group by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 40,256 shares of the company’s stock valued at $281,000 after buying an additional 1,403 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Ascena Retail Group by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 122,362 shares of the company’s stock valued at $855,000 after buying an additional 2,450 shares during the last quarter. BlackRock Advisors LLC increased its position in Ascena Retail Group by 3.4% in the second quarter. BlackRock Advisors LLC now owns 81,315 shares of the company’s stock valued at $568,000 after buying an additional 2,667 shares during the period. Comerica Bank increased its position in Ascena Retail Group by 2.5% in the second quarter. Comerica Bank now owns 117,148 shares of the company’s stock valued at $850,000 after buying an additional 2,831 shares during the period. Finally, Profund Advisors LLC increased its position in Ascena Retail Group by 16.7% in the second quarter. Profund Advisors LLC now owns 39,453 shares of the company’s stock valued at $276,000 after buying an additional 5,640 shares during the period. 94.47% of the stock is currently owned by institutional investors.

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.

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