Ascena Retail Group, Inc. (NASDAQ:ASNA) – Equities researchers at SunTrust Banks issued their Q2 2017 earnings per share (EPS) estimates for Ascena Retail Group in a research report issued on Tuesday. SunTrust Banks analyst P. Quintiliano anticipates that the brokerage will post earnings per share of ($0.09) for the quarter. SunTrust Banks also issued estimates for Ascena Retail Group’s Q4 2017 earnings at $0.13 EPS and FY2017 earnings at $0.39 EPS.

Other analysts also recently issued reports about the company. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Ascena Retail Group in a report on Tuesday. Cowen and Company reiterated a “market perform” rating and set a $7.00 price target on shares of Ascena Retail Group in a report on Sunday, December 4th. Royal Bank Of Canada downgraded 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 report on Tuesday, September 20th. RBC Capital Markets cut shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $12.00 to $7.00 in a research report on Tuesday, September 20th. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.67.

Earnings History and Estimates for Ascena Retail Group (NASDAQ:ASNA)

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Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 5.42 on Thursday. The company has a 50 day moving average price of $6.77 and a 200-day moving average price of $6.81. The firm has a market cap of $1.04 billion, a P/E ratio of 51.13 and a beta of 2.04. Ascena Retail Group has a 52-week low of $4.68 and a 52-week high of $11.26.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Thursday, December 1st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.02. The company earned $1.68 billion during the quarter, compared to analyst estimates of $1.72 billion. Ascena Retail Group had a net margin of 0.29% and a return on equity of 4.50%. Ascena Retail Group’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS.

In related news, Chairman Elliot S. Jaffe sold 9,150 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $7.61, for a total value of $69,631.50. Following the transaction, the chairman now owns 1,093,267 shares of the company’s stock, valued at approximately $8,319,761.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

WARNING: This piece of content was originally reported by Daily Political and is the propert of of Daily Political. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this piece of content can be accessed at http://www.dailypolitical.com/2017/01/14/research-analysts-issue-forecasts-for-ascena-retail-group-inc-s-q2-2017-earnings-asna.html.

A number of large investors have recently bought and sold shares of the stock. Sentinel Trust Co. LBA raised its stake in Ascena Retail Group by 12.8% in the fourth quarter. Sentinel Trust Co. LBA now owns 806,873 shares of the company’s stock valued at $4,995,000 after buying an additional 91,245 shares during the period. Hudson Bay Capital Management LP purchased a new stake in Ascena Retail Group during the third quarter valued at approximately $1,112,000. Schafer Cullen Capital Management Inc. raised its stake in Ascena Retail Group by 19.7% in the third quarter. Schafer Cullen Capital Management Inc. now owns 56,766 shares of the company’s stock valued at $317,000 after buying an additional 9,351 shares during the period. Ameritas Investment Partners Inc. raised its stake in Ascena Retail Group by 66.6% in the third quarter. Ameritas Investment Partners Inc. now owns 67,065 shares of the company’s stock valued at $375,000 after buying an additional 26,809 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Ascena Retail Group during the third quarter valued at approximately $171,000. Hedge funds and other institutional investors own 92.91% of the company’s stock.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

5 Day Chart for NASDAQ:ASNA

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