BidaskClub cut shares of Ascena Retail Group (NASDAQ:ASNA) from a buy rating to a hold rating in a research note released on Friday.

Several other brokerages have also issued reports on ASNA. B. Riley decreased their target price on Ascena Retail Group from $3.00 to $2.50 and set a neutral rating for the company in a research report on Tuesday. Royal Bank Of Canada decreased their price objective on Ascena Retail Group from $5.00 to $2.50 and set a sector perform rating for the company in a report on Friday, October 6th. Zacks Investment Research raised Ascena Retail Group from a sell rating to a hold rating in a report on Monday, September 18th. FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the stock a hold rating in a report on Tuesday, August 15th. Finally, KeyCorp reissued a hold rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $3.36.

Ascena Retail Group (NASDAQ ASNA) remained flat at $$1.99 during midday trading on Friday. 1,778,076 shares of the company’s stock were exchanged, compared to its average volume of 2,836,056. The firm has a market capitalization of $390.12, a PE ratio of 14.21 and a beta of 1.96. Ascena Retail Group has a 52 week low of $1.65 and a 52 week high of $8.19. The company has a current ratio of 1.36, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm posted $0.18 EPS. Ascena Retail Group’s quarterly revenue was down 5.3% compared to the same quarter last year. sell-side analysts expect that Ascena Retail Group will post 0.15 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake in Ascena Retail Group by 3.9% in the 1st quarter. Teachers Advisors LLC now owns 305,091 shares of the specialty retailer’s stock worth $1,300,000 after purchasing an additional 11,432 shares during the period. Bank of America Corp DE boosted its stake in Ascena Retail Group by 136.7% in the 1st quarter. Bank of America Corp DE now owns 282,269 shares of the specialty retailer’s stock worth $1,203,000 after purchasing an additional 162,997 shares during the period. State Street Corp boosted its stake in Ascena Retail Group by 16.4% in the 1st quarter. State Street Corp now owns 5,157,993 shares of the specialty retailer’s stock worth $21,976,000 after purchasing an additional 727,206 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Ascena Retail Group by 2.8% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock valued at $501,000 after acquiring an additional 3,217 shares during the last quarter. Finally, Credit Suisse AG boosted its position in shares of Ascena Retail Group by 4.8% during the 1st quarter. Credit Suisse AG now owns 345,888 shares of the specialty retailer’s stock valued at $1,473,000 after acquiring an additional 15,816 shares during the last quarter. 95.06% of the stock is owned by institutional investors.

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About Ascena Retail Group

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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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