Ascena Retail Group Inc. (NASDAQ:ASNA) had its target price decreased by stock analysts at Telsey Advisory Group from $9.00 to $7.00 in a report issued on Tuesday. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 25.67% from the stock’s previous close.

A number of other equities analysts also recently issued reports on ASNA. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. FBR & Co reissued an “outperform” rating and issued a $15.00 target price (down from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company reissued a “market perform” rating and issued a $8.00 target price (down from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Royal Bank Of Canada downgraded Ascena Retail Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $12.00 to $7.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.58.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.57 on Tuesday. Ascena Retail Group has a 12-month low of $5.33 and a 12-month high of $14.76. The firm’s 50-day moving average price is $7.90 and its 200-day moving average price is $8.29. The company’s market capitalization is $1.07 billion.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The business had revenue of $1.81 billion for the quarter. Ascena Retail Group had a positive return on equity of 6.18% and a negative net margin of 0.17%. The company’s quarterly revenue was up 54.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, analysts expect that Ascena Retail Group will post $0.63 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Eqis Capital Management Inc. raised its stake in Ascena Retail Group by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,209 shares of the company’s stock valued at $134,000 after buying an additional 121 shares during the last quarter. State Treasurer State of Michigan raised its stake in Ascena Retail Group by 0.6% in the second quarter. State Treasurer State of Michigan now owns 68,508 shares of the company’s stock valued at $479,000 after buying an additional 400 shares during the last quarter. Weik Investment Services Inc. raised its stake in Ascena Retail Group by 1.4% in the second quarter. Weik Investment Services Inc. now owns 35,500 shares of the company’s stock valued at $248,000 after buying an additional 500 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Ascena Retail Group by 0.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 236,239 shares of the company’s stock valued at $1,651,000 after buying an additional 945 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Ascena Retail Group by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 57,719 shares of the company’s stock valued at $403,000 after buying an additional 1,384 shares during the last quarter. 94.47% of the stock is currently owned by institutional investors and hedge funds.

Ascena Retail Group Company Profile

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.

5 Day Chart for NASDAQ:ASNA

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