Ascena Retail Group Inc. (NASDAQ:ASNA) – Research analysts at KeyCorp lowered their Q4 2017 earnings estimates for shares of Ascena Retail Group in a report released on Monday. KeyCorp analyst E. Yruma now anticipates that the brokerage will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.21.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the 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 for the quarter was up 54.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share.

Other equities research analysts have also recently issued research reports about the company. FBR & Co cut Ascena Retail Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $15.00 to $7.00 in a report on Tuesday. RBC Capital Markets lowered shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $12.00 to $7.00 in a research report on Tuesday. Royal Bank Of Canada lowered shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $12.00 to $7.00 in a research report on Tuesday. Oppenheimer Holdings Inc. lowered shares of Ascena Retail Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Cowen and Company restated a “market perform” rating and issued a $8.00 price target (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. 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 company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.58.

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

Several institutional investors have recently bought and sold shares of ASNA. Mason Street Advisors LLC bought a new position in Ascena Retail Group during the second quarter valued at approximately $545,000. Royal Bank of Canada boosted 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 valued at $10,064,000 after buying an additional 504,346 shares in the last quarter. Public Employees Retirement System of Ohio boosted 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 valued at $173,000 after buying an additional 5,845 shares in the last quarter. Schwab Charles Investment Management Inc. boosted 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 valued at $7,083,000 after buying an additional 73,234 shares in 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 valued at $161,000 after buying an additional 2,093 shares in the last quarter. Institutional investors and hedge funds 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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