Ascena Retail Group Inc. (ASNA) Trading 3% Higher
Ascena Retail Group Inc. (NASDAQ:ASNA) shares traded up 3% during mid-day trading on Wednesday . The stock traded as high as $8.36 and last traded at $8.15, with a volume of 2,104,125 shares changing hands. The stock had previously closed at $7.91.
Several research analysts have recently issued reports on the stock. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price target (down previously from $11.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company reiterated a “market perform” rating and issued a $8.00 price target (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. FBR & Co reiterated an “outperform” rating and issued a $15.00 price target (down previously from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Zacks Investment Research downgraded shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Ascena Retail Group presently has an average rating of “Hold” and an average price target of $13.73.
The stock’s market capitalization is $1.50 billion. The company has a 50-day moving average price of $8.08 and a 200 day moving average price of $8.36.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Tuesday, May 31st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business earned $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. Analysts expect that Ascena Retail Group Inc. will post $0.69 earnings per share 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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