Ascena Retail Group, Inc. (NASDAQ:ASNA) – Research analysts at Oppenheimer Holdings reduced their Q3 2017 EPS estimates for Ascena Retail Group in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst A. Andreeva now expects that the brokerage will post earnings of $0.13 per share for the quarter, down from their prior estimate of $0.15. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Ascena Retail Group’s Q4 2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.15 EPS and Q4 2018 earnings at $0.21 EPS.

Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Thursday, December 1st. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.02. Ascena Retail Group had a net margin of 0.29% and a return on equity of 4.50%. The business earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company posted $0.36 earnings per share. Ascena Retail Group’s quarterly revenue was up .4% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was copied illegally and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be accessed at http://www.watchlistnews.com/q3-2017-eps-estimates-for-ascena-retail-group-inc-asna-lowered-by-analyst/1059832.html.

Earnings History and Estimates for Ascena Retail Group (NASDAQ:ASNA)

A number of other equities analysts also recently commented on the stock. RBC Capital Markets set a $6.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Thursday, January 5th. FBR & Co set a $7.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Wednesday, December 14th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Ascena Retail Group in a research note on Thursday, December 15th. They issued a “neutral” rating and a $7.00 target price on the stock. Cowen and Company reaffirmed a “market perform” rating and set a $7.00 price target on shares of Ascena Retail Group in a research note on Sunday, December 4th. Finally, Zacks Investment Research downgraded shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.67.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.43 on Thursday. The stock has a market capitalization of $1.04 billion, a PE ratio of 51.23 and a beta of 2.04. The stock has a 50 day moving average of $6.77 and a 200-day moving average of $6.81. Ascena Retail Group has a one year low of $4.68 and a one year high of $11.26.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Weik Investment Services Inc. raised its position in shares of Ascena Retail Group by 1.4% in the second quarter. Weik Investment Services Inc. now owns 35,500 shares of the company’s stock valued at $248,000 after buying an additional 500 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Ascena Retail Group by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 76,688 shares of the company’s stock valued at $429,000 after buying an additional 1,090 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Ascena Retail Group by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 58,896 shares of the company’s stock valued at $329,000 after buying an additional 1,177 shares in the last quarter. Ameritas Investment Partners Inc. raised its position 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 in the last quarter. Finally, Amalgamated Bank raised 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 valued at $161,000 after buying an additional 2,093 shares in the last quarter. 92.91% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was copied illegally and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be accessed at http://www.watchlistnews.com/q3-2017-eps-estimates-for-ascena-retail-group-inc-asna-lowered-by-analyst/1059832.html.

In other Ascena Retail Group news, Chairman Elliot S. Jaffe sold 9,150 shares of the firm’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $7.61, for a total transaction of $69,631.50. Following the completion of the transaction, the chairman now directly owns 1,093,267 shares of the company’s stock, valued at approximately $8,319,761.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.60% of the company’s stock.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

5 Day Chart for NASDAQ:ASNA

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