Ascena Retail Group, Inc. (NASDAQ:ASNA) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $3.50.

A number of equities analysts have commented on ASNA shares. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a research report on Wednesday, October 11th. Royal Bank Of Canada set a $3.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Saturday, October 7th. Finally, BidaskClub upgraded shares of Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund raised its stake in shares of Ascena Retail Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock worth $266,000 after acquiring an additional 1,145 shares during the last quarter. M&T Bank Corp raised its stake in shares of Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after acquiring an additional 1,739 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Ascena Retail Group by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock worth $501,000 after acquiring an additional 3,217 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Ascena Retail Group by 4.6% in the second quarter. Thrivent Financial For Lutherans now owns 101,540 shares of the specialty retailer’s stock worth $218,000 after acquiring an additional 4,420 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Ascena Retail Group by 0.4% in the second quarter. Principal Financial Group Inc. now owns 1,317,805 shares of the specialty retailer’s stock worth $2,833,000 after acquiring an additional 4,802 shares during the last quarter. 95.34% of the stock is owned by institutional investors.

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Ascena Retail Group (NASDAQ ASNA) opened at $1.95 on Friday. The company has a market cap of $382.22, a PE ratio of 9.29 and a beta of 1.88. 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 current ratio of 1.20 and a quick ratio of 0.52.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.57 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. equities research analysts predict that Ascena Retail Group will post 0.23 EPS for the current year.

About Ascena Retail Group

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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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