Ascena Retail Group Inc. (ASNA) Shares Down 6.6%
Ascena Retail Group Inc. (NASDAQ:ASNA)’s share price fell 6.6% during mid-day trading on Tuesday . The stock traded as low as $7.99 and last traded at $8.10, with a volume of 1,938,102 shares changing hands. The stock had previously closed at $8.67.
ASNA has been the subject of several recent research reports. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective (down from $11.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Cowen and Company reissued a “market perform” rating and set a $8.00 price objective (down from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Finally, FBR & Co reissued an “outperform” rating and set a $15.00 price objective (down from $18.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.73.
The company’s market capitalization is $1.53 billion. The company has a 50 day moving average of $8.08 and a 200-day moving average of $8.37.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities analysts anticipate that Ascena Retail Group Inc. will post $0.69 EPS for the current year.
Ascena Retail Group, Inc is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines.
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