Investment Analysts’ Recent Ratings Updates for Ascena Retail Group (ASNA)

Several analysts have recently updated their ratings and price targets for Ascena Retail Group (NASDAQ: ASNA):

  • 5/21/2019 – Ascena Retail Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ascena Retail Group, Inc, formerly known as The Dress Barn, Inc., operates as a national specialty retailer of apparel for women and girls under the Dressbarn, Maurices and Justice brands. Its Dressbarn stores offer casual, career and special occasion fashion apparel and accessories; Maurices stores offer casual and career apparel and accessories; and Justice stores offer trend-right apparel and accessories. Ascena Retail Group, Inc. is based in Suffern, New York. “
  • 5/17/2019 – Ascena Retail Group was given a new $2.00 price target on by analysts at B. Riley. They now have a “hold” rating on the stock.
  • 5/15/2019 – Ascena Retail Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ascena Retail Group, Inc, formerly known as The Dress Barn, Inc., operates as a national specialty retailer of apparel for women and girls under the Dressbarn, Maurices and Justice brands. Its Dressbarn stores offer casual, career and special occasion fashion apparel and accessories; Maurices stores offer casual and career apparel and accessories; and Justice stores offer trend-right apparel and accessories. Ascena Retail Group, Inc. is based in Suffern, New York. “
  • 5/14/2019 – Ascena Retail Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/7/2019 – Ascena Retail Group was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

ASNA opened at $0.97 on Tuesday. The stock has a market capitalization of $192.00 million, a PE ratio of -48.59 and a beta of 1.39. Ascena Retail Group Inc has a 1-year low of $0.93 and a 1-year high of $5.28. The company has a quick ratio of 0.51, a current ratio of 1.28 and a debt-to-equity ratio of 1.79.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. Ascena Retail Group had a negative return on equity of 5.27% and a negative net margin of 1.11%. Ascena Retail Group’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) EPS. On average, equities analysts expect that Ascena Retail Group Inc will post -0.48 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASNA. Bank of New York Mellon Corp increased its position in shares of Ascena Retail Group by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,018,821 shares of the specialty retailer’s stock worth $9,225,000 after purchasing an additional 66,453 shares during the last quarter. TIAA CREF Investment Management LLC bought a new stake in shares of Ascena Retail Group in the 3rd quarter worth about $1,597,000. Strs Ohio increased its position in shares of Ascena Retail Group by 38.4% in the 4th quarter. Strs Ohio now owns 245,200 shares of the specialty retailer’s stock worth $615,000 after purchasing an additional 68,000 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Ascena Retail Group by 6.7% in the 4th quarter. New York State Teachers Retirement System now owns 392,886 shares of the specialty retailer’s stock worth $986,000 after purchasing an additional 24,500 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Ascena Retail Group by 6.8% in the 4th quarter. Arizona State Retirement System now owns 267,565 shares of the specialty retailer’s stock worth $672,000 after purchasing an additional 17,085 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

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 four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.

Featured Story: Gap Up Stocks

Receive News & Ratings for Ascena Retail Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply