Ascena Retail Group, Inc. (NASDAQ:ASNA) had its price target decreased by investment analysts at Royal Bank Of Canada from $5.00 to $2.50 in a research report issued on Friday. The brokerage presently has a “sector perform” rating on the specialty retailer’s stock. Royal Bank Of Canada’s price target points to a potential upside of 9.17% from the company’s current price.

Several other equities analysts also recently commented on ASNA. BidaskClub downgraded shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Cowen and Company reissued a “market perform” rating and issued a $2.00 price target (down from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.42.

Ascena Retail Group (ASNA) opened at 2.29 on Friday. The stock has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.62. The company’s market capitalization is $439.66 million. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $8.19.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.08. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. Equities research analysts forecast that Ascena Retail Group will post $0.17 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in ASNA. Great West Life Assurance Co. Can increased its stake in shares of Ascena Retail Group by 3.3% during the first quarter. Great West Life Assurance Co. Can now owns 230,087 shares of the specialty retailer’s stock valued at $980,000 after purchasing an additional 7,394 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ascena Retail Group by 22.8% during the first quarter. First Trust Advisors LP now owns 505,770 shares of the specialty retailer’s stock valued at $2,155,000 after purchasing an additional 93,885 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ascena Retail Group by 66.8% during the first quarter. Bank of New York Mellon Corp now owns 3,493,619 shares of the specialty retailer’s stock valued at $14,882,000 after purchasing an additional 1,398,857 shares in the last quarter. Comerica Bank increased its stake in shares of Ascena Retail Group by 3.8% during the first quarter. Comerica Bank now owns 187,368 shares of the specialty retailer’s stock valued at $755,000 after purchasing an additional 6,888 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Ascena Retail Group by 3.2% during the first quarter. Swiss National Bank now owns 256,588 shares of the specialty retailer’s stock valued at $1,093,000 after purchasing an additional 7,900 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

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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