Ascena Retail Group Inc. (NASDAQ:ASNA) had its target price cut by equities research analysts at Cowen and Company to $7.00 in a report issued on Tuesday. Cowen and Company’s price objective would suggest a potential downside of 13.79% from the stock’s current price.

ASNA has been the subject of a number of other research reports. FBR & Co reaffirmed an “outperform” rating and set a $15.00 target price (down previously from $18.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Royal Bank Of Canada lowered Ascena Retail Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $12.00 to $7.00 in a report on Tuesday. Oppenheimer Holdings Inc. lowered Ascena Retail Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. RBC Capital Markets lowered Ascena Retail Group from an “outperform” rating to a “sector perform” rating and set a $7.00 target price for the company. in a report on Tuesday. Finally, Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ascena Retail Group has a consensus rating of “Hold” and a consensus target price of $10.92.

Ascena Retail Group (NASDAQ:ASNA) opened at 8.12 on Tuesday. The firm’s market capitalization is $1.56 billion. The company’s 50-day moving average is $8.03 and its 200-day moving average is $8.34. Ascena Retail Group has a one year low of $6.33 and a one year high of $14.76.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.08. Ascena Retail Group had a positive return on equity of 6.15% and a negative net margin of 5.50%. The firm earned $1.81 billion during the quarter. During the same period in the prior year, the business posted $0.06 earnings per share. The business’s revenue was up 54.9% compared to the same quarter last year. Equities analysts forecast that Ascena Retail Group will post $0.69 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of ASNA. BlackRock Institutional Trust Company N.A. increased its stake in shares of Ascena Retail Group by 3.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,062,723 shares of the company’s stock worth $55,994,000 after buying an additional 151,750 shares during the period. BlackRock Inc. increased its stake in shares of Ascena Retail Group by 12.1% in the first quarter. BlackRock Inc. now owns 73,665 shares of the company’s stock worth $815,000 after buying an additional 7,931 shares during the period. Coliseum Capital Management LLC increased its stake in shares of Ascena Retail Group by 38.6% in the second quarter. Coliseum Capital Management LLC now owns 5,624,132 shares of the company’s stock worth $39,313,000 after buying an additional 1,565,716 shares during the period. Wellington Management Group LLP increased its stake in shares of Ascena Retail Group by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,790,076 shares of the company’s stock worth $64,038,000 after buying an additional 295,448 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Ascena Retail Group by 16.2% in the first quarter. JPMorgan Chase & Co. now owns 268,980 shares of the company’s stock worth $2,974,000 after buying an additional 37,430 shares during the period. Hedge funds and other institutional investors own 94.47% of the company’s stock.

About Ascena Retail Group

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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