Ascena Retail Group Inc. (NASDAQ:ASNA) – Research analysts at SunTrust Banks issued their Q1 2017 earnings per share (EPS) estimates for shares of Ascena Retail Group in a report released on Tuesday. SunTrust Banks analyst P. Quintiliano expects that the firm will post earnings of $0.21 per share for the quarter. SunTrust Banks also issued estimates for Ascena Retail Group’s Q2 2017 earnings at $0.01 EPS, Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $0.87 EPS.

ASNA has been the topic of a number of other reports. FBR & Co reissued an “outperform” rating and issued a $15.00 price objective (down from $18.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Royal Bank Of Canada lowered 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. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “strong sell” rating in a report on Wednesday. Oppenheimer Holdings Inc. lowered Ascena Retail Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, RBC Capital Markets lowered 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. One investment 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. The company has an average rating of “Hold” and a consensus target price of $11.58.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.91 on Wednesday. The firm’s market capitalization is $1.13 billion. Ascena Retail Group has a 1-year low of $5.33 and a 1-year high of $14.76. The stock has a 50 day moving average of $7.86 and a 200-day moving average of $8.27.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. Ascena Retail Group had a negative net margin of 0.17% and a positive return on equity of 6.18%. The company earned $1.81 billion during the quarter. During the same quarter in the prior year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 54.9% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of 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 in the last quarter. Springbok Capital Management LLC increased its position in Ascena Retail Group by 136.4% in the first quarter. Springbok Capital Management LLC now owns 18,200 shares of the company’s stock valued at $201,000 after buying an additional 10,500 shares during the period. LSV Asset Management purchased a new position in Ascena Retail Group during the second quarter valued at $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 valued at $134,000 after buying an additional 121 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 valued at $161,000 after buying an additional 2,093 shares during the period. Institutional investors own 94.47% of the company’s stock.

About Ascena Retail Group

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.

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