Ascena Retail Group Inc

Jay Anderson
June 19, 2017

The stock's average target of $7 is 230.19% above today's ($2.12) share price. (NASDAQ:ASNA) in a report issued on Sunday, June 11th. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) has "Sector Perform" rating given on Tuesday, September 20 by RBC Capital Markets.

Ascena Retail Group Inc. was covered by a number of analysts recently, 0 rated the stock as Buy, 0 rated Outperform, 9 rated Hold, 0 gave an Underperform and 1 rated sell.

Separately, Zacks Investment Research cut Destination XL Group from a "hold" rating to a "strong sell" rating in a report on Thursday, May 25th. Finemark Bank & Trust & stated it has 0% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA). Cowen and Company reiterated a market perform rating and issued a $2.00 price target (down previously from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) has "Mkt Perform" rating given on Tuesday, September 20 by FBR Capital.

Ascena Retail Group (NASDAQ ASNA) traded down 3.80% during trading on Friday, reaching $2.28. 8,552,645 shares of the stock traded hands.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -55.03%, and has a poor year to date (YTD) performance of -63.49% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The stock remained 12.45% volatile for the week and 9.70% for the month. The relative volume of the stock is 2.1, while its market cap is $433.12 Million.

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Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Monday, March 6th. Destination XL Group had a negative return on equity of 5.81% and a negative net margin of 1.90%. (ASNA) is expected to post revenue of $1.75 Billion in the current quarter, according to consensus of 10 analysts. During the same period past year, the business posted $0.15 earnings per share. The business's revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts forecast that Ascena Retail Group will post $0.12 earnings per share for the current fiscal year. Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of OH boosted its stake in Ascena Retail Group by 36.6% in the first quarter. Looking at this figure it suggests that the shares of Ascena Retail Group Inc. Boothbay Fund Management LLC purchased a new stake in Ascena Retail Group during the fourth quarter worth $165,000.

More notable recent Ascena Retail Group Inc (NASDAQ:ASNA) news were published by: Seekingalpha.com which released: "Tenant Focus: Ascena" on June 12, 2017, also Seekingalpha.com with their article: "Ascena: Sharply Undervalued After Sell-Off" published on May 18, 2017, Forbes.com published: "Why Ascena Retail Group Is Failing And What Can Be Done About It" on June 15, 2017. Comerica Bank boosted its position in Ascena Retail Group by 56.1% in the fourth quarter. Guggenheim Capital LLC now owns 607,988 shares of the specialty retailer's stock valued at $3,764,000 after buying an additional 405,687 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

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Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Firm operates through six divisions: 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.

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