Oppenheimer Holdings Inc. lowered shares of Ascena Retail Group Inc. (NASDAQ:ASNA) from an outperform rating to a market perform rating in a report released on Tuesday morning.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada downgraded Ascena Retail Group from an outperform rating to a sector perform rating and decreased their target price for the company from $12.00 to $7.00 in a research report on Tuesday. Telsey Advisory Group reaffirmed a market perform rating and issued a $10.00 target price (down previously from $11.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company reaffirmed a market perform rating and issued a $8.00 target price (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. FBR & Co reaffirmed an outperform rating and issued a $15.00 target price (down previously from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, RBC Capital Markets downgraded Ascena Retail Group from an outperform rating to a sector perform rating and decreased their target price for the company from $12.00 to $7.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $11.58.

Ascena Retail Group (NASDAQ:ASNA) opened at 5.91 on Tuesday. The firm has a 50-day moving average price of $7.86 and a 200 day moving average price of $8.27. The company’s market cap is $1.13 billion. Ascena Retail Group has a 12 month low of $5.33 and a 12 month high of $14.76.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, September 19th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. The business 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 firm’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, equities analysts expect that Ascena Retail Group will post $0.63 earnings per share for the current year.

Several large investors have recently modified their holdings of ASNA. Mason Street Advisors LLC acquired a new stake in shares of Ascena Retail Group during the second quarter worth $545,000. Royal Bank of Canada boosted its position in shares of 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 last quarter. Public Employees Retirement System of Ohio boosted its position in shares of 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 last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of 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 last quarter. Finally, Amalgamated Bank boosted its position in shares of 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 currently 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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