Ascena Retail Group (NASDAQ:ASNA) released its quarterly earnings data on Thursday. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01), Briefing.com reports. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. Ascena Retail Group had a negative return on equity of 1.70% and a negative net margin of 0.61%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned ($0.12) EPS. Ascena Retail Group updated its Q3 2019 guidance to $-0.45–0.35 EPS.

NASDAQ:ASNA opened at $1.89 on Friday. Ascena Retail Group has a 12 month low of $1.77 and a 12 month high of $5.28. The company has a market capitalization of $400.80 million, a PE ratio of -94.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 1.28.

ASNA has been the subject of several research reports. BidaskClub lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 22nd. Zacks Investment Research raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Tuesday, January 15th. Telsey Advisory Group cut their price objective on shares of Ascena Retail Group from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 11th. Finally, ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Ascena Retail Group presently has an average rating of “Hold” and an average price target of $3.50.

Large investors have recently added to or reduced their stakes in the company. Magnus Financial Group LLC bought a new position in shares of Ascena Retail Group in the fourth quarter valued at approximately $60,000. Oregon Public Employees Retirement Fund bought a new position in Ascena Retail Group during the fourth quarter worth $66,000. NumerixS Investment Technologies Inc acquired a new stake in Ascena Retail Group during the fourth quarter worth $100,000. Municipal Employees Retirement System of Michigan acquired a new stake in Ascena Retail Group during the fourth quarter worth $125,000. Finally, Virtu Financial LLC acquired a new stake in Ascena Retail Group during the third quarter worth $134,000. 99.29% of the stock is currently owned by institutional investors.

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About Ascena Retail Group

Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.

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Earnings History for Ascena Retail Group (NASDAQ:ASNA)

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