Ascena Retail Group Inc. (NASDAQ:ASNA) was downgraded by stock analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a report released on Tuesday. They currently have a $7.00 price objective on the stock. RBC Capital Markets’ price target indicates a potential upside of 25.67% from the company’s previous close.

Other research analysts have also issued reports about the stock. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Royal Bank Of Canada downgraded shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $12.00 to $7.00 in a report on Tuesday. Cowen and Company reiterated a “market perform” rating and issued a $8.00 price objective (down previously from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, FBR & Co reiterated an “outperform” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.58.

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

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. The company earned $1.81 billion during the quarter. Ascena Retail Group had a negative net margin of 0.17% and a positive return on equity of 6.18%. The company’s quarterly revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. Equities analysts predict that Ascena Retail Group will post $0.63 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted 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 last quarter. LSV Asset Management bought a new position in Ascena Retail Group during the second quarter worth $127,000. Eqis Capital Management Inc. boosted 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 last quarter. TradeLink Capital LLC boosted 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 last quarter. Finally, Amalgamated Bank boosted 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 last quarter. 94.47% of the stock is owned by hedge funds and other institutional investors.

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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