Ascena Retail Group Inc. (NASDAQ:ASNA)‘s stock had its “market perform” rating reissued by stock analysts at FBR & Co in a research note issued on Tuesday. They currently have a $15.00 price target on the stock, up from their previous price target of $7.00. FBR & Co’s price target would indicate a potential upside of 169.30% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Cowen and Company lowered their target price on shares of Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Tuesday. Oppenheimer Holdings Inc. lowered shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. Citigroup Inc. lowered their target price on shares of Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday. RBC Capital Markets downgraded shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and set a $7.00 price target on the stock. in a research note on Tuesday. Finally, Telsey Advisory Group reduced their price target on shares of Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company currently 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. The company’s market cap is $1.07 billion. The company’s 50-day moving average is $7.90 and its 200 day moving average is $8.29. Ascena Retail Group has a 1-year low of $5.33 and a 1-year high of $14.76.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, September 19th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. The firm earned $1.81 billion during 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 revenue was up 54.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Equities analysts anticipate that Ascena Retail Group will post $0.63 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in Ascena Retail Group by 1,026.9% in the second quarter. Tower Research Capital LLC TRC now owns 15,777 shares of the company’s stock worth $110,000 after buying an additional 14,377 shares during the period. LSV Asset Management acquired a new position in Ascena Retail Group during the second quarter worth approximately $127,000. Eqis Capital Management Inc. increased its position 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 worth $134,000 after buying an additional 121 shares during the period. TradeLink Capital LLC increased its position in Ascena Retail Group by 20.6% in the second quarter. TradeLink Capital LLC now owns 22,031 shares of the company’s stock worth $154,000 after buying an additional 3,769 shares during the period. Finally, Amalgamated Bank increased its position in Ascena Retail Group by 10.9% in the second quarter. Amalgamated Bank now owns 21,240 shares of the company’s stock worth $161,000 after buying an additional 2,093 shares during the period. 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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