Ascena Retail Group Inc (NASDAQ:ASNA) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $3.13.

A number of equities analysts have weighed in on ASNA shares. BidaskClub lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. Zacks Investment Research lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Citigroup upped their price target on shares of Ascena Retail Group from $1.50 to $2.00 and gave the stock a “sell” rating in a research report on Wednesday. B. Riley upped their price target on shares of Ascena Retail Group to $3.50 and gave the stock a “neutral” rating in a research report on Tuesday, June 5th. Finally, Guggenheim reiterated a “hold” rating on shares of Ascena Retail Group in a research report on Tuesday, June 5th.

Several institutional investors and hedge funds have recently bought and sold shares of ASNA. Schwab Charles Investment Management Inc. boosted its position in shares of Ascena Retail Group by 270.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 6,091,221 shares of the specialty retailer’s stock worth $24,274,000 after acquiring an additional 4,447,382 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Ascena Retail Group by 132.8% during the second quarter. Renaissance Technologies LLC now owns 4,678,200 shares of the specialty retailer’s stock worth $18,643,000 after acquiring an additional 2,668,900 shares during the last quarter. Think Investments LP bought a new position in shares of Ascena Retail Group during the first quarter worth $4,763,000. BlackRock Inc. boosted its position in shares of Ascena Retail Group by 8.2% during the second quarter. BlackRock Inc. now owns 24,127,097 shares of the specialty retailer’s stock worth $96,147,000 after acquiring an additional 1,820,104 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ascena Retail Group by 12.9% during the first quarter. Dimensional Fund Advisors LP now owns 15,118,083 shares of the specialty retailer’s stock worth $30,387,000 after acquiring an additional 1,723,376 shares during the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

Shares of NASDAQ ASNA opened at $4.69 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.28 and a quick ratio of 0.57. The company has a market cap of $786.82 million, a P/E ratio of -234.50 and a beta of 1.70. Ascena Retail Group has a 12-month low of $1.69 and a 12-month high of $5.28.

Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, September 24th. The specialty retailer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.62 billion. Ascena Retail Group had a negative net margin of 0.60% and a negative return on equity of 0.59%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. equities research analysts anticipate that Ascena Retail Group will post 0.08 EPS for the current year.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.

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Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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