Ascena Retail Group (ASNA) PT Lowered to $2.50 at B. Riley
Ascena Retail Group (NASDAQ:ASNA) had its price objective reduced by B. Riley from $3.00 to $2.50 in a research report report published on Tuesday, Marketbeat.com reports. They currently have a neutral rating on the specialty retailer’s stock. B. Riley also issued estimates for Ascena Retail Group’s Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.21 EPS.
A number of other brokerages also recently issued reports on ASNA. BidaskClub raised shares of Ascena Retail Group from a hold rating to a buy rating in a research report on Saturday, December 2nd. Royal Bank Of Canada set a $3.00 price objective on shares of Ascena Retail Group and gave the company a hold rating in a research report on Saturday, October 7th. ValuEngine cut shares of Ascena Retail Group from a buy rating to a hold rating in a research note on Tuesday, November 7th. KeyCorp restated a hold rating on shares of Ascena Retail Group in a research note on Thursday, November 16th. Finally, FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the company a hold rating in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Ascena Retail Group has an average rating of Hold and a consensus price target of $3.36.
Shares of Ascena Retail Group (NASDAQ ASNA) traded down $0.04 during mid-day trading on Tuesday, hitting $1.99. 3,004,400 shares of the stock were exchanged, compared to its average volume of 3,204,362. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $8.19. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.36. The company has a market cap of $397.96, a P/E ratio of 14.50 and a beta of 1.96.
Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. sell-side analysts expect that Ascena Retail Group will post 0.15 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Investment Management Company LLC purchased a new stake in Ascena Retail Group in the 2nd quarter worth $206,000. Public Employees Retirement System of Ohio lifted its stake in Ascena Retail Group by 36.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 12,362 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Ascena Retail Group in the 3rd quarter worth $133,000. Virtu KCG Holdings LLC lifted its stake in Ascena Retail Group by 47.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 21,823 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Ascena Retail Group in the 3rd quarter worth $172,000. Institutional investors and hedge funds own 95.06% of the company’s stock.
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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.
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