Ascena Retail Group Inc. (NASDAQ:ASNA) was downgraded by research analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued on Tuesday. They presently have a $7.00 target price on the stock. RBC Capital Markets’ price objective suggests a potential upside of 25.67% from the stock’s current price.

Several other brokerages have also commented on ASNA. Telsey Advisory Group dropped their price target on shares of Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating for the company in a research report on Tuesday. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company reaffirmed a “market perform” rating and set a $8.00 price target (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Royal Bank Of Canada lowered shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $12.00 to $7.00 in a research report on Tuesday. One 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 company presently has a consensus rating of “Hold” and a consensus price target of $11.58.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.57 on Tuesday. Ascena Retail Group has a 52 week low of $5.33 and a 52 week high of $14.76. The company’s 50-day moving average is $7.90 and its 200 day moving average is $8.29. The firm’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 EPS for the quarter, missing the consensus estimate of $0.16 by $0.08. Ascena Retail Group had a positive return on equity of 6.18% and a negative net margin of 0.17%. The company had revenue of $1.81 billion for the quarter. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue was up 54.9% compared to the same quarter last year. Analysts anticipate that Ascena Retail Group will post $0.63 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC bought a new position in Ascena Retail Group during the second quarter worth approximately $545,000. Royal Bank of Canada increased its position in Ascena Retail Group by 53.9% in the second quarter. Royal Bank of Canada now owns 1,439,668 shares of the company’s stock worth $10,064,000 after buying an additional 504,346 shares during the period. Public Employees Retirement System of Ohio increased its position in Ascena Retail Group by 30.9% in the second quarter. Public Employees Retirement System of Ohio now owns 24,790 shares of the company’s stock worth $173,000 after buying an additional 5,845 shares during the period. Schwab Charles Investment Management Inc. increased its position in Ascena Retail Group by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,013,290 shares of the company’s stock worth $7,083,000 after buying an additional 73,234 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. Hedge funds and other institutional investors own 94.47% of the company’s stock.

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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