Wall Street analysts expect that Ascena Retail Group Inc (NASDAQ:ASNA) will report earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ascena Retail Group’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.03. Ascena Retail Group posted earnings of $0.05 per share in the same quarter last year, which suggests a negative year over year growth rate of 20%. The business is expected to issue its next earnings results on Monday, September 24th.
Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ascena Retail Group.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Wednesday, June 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.47 billion. Ascena Retail Group had a negative return on equity of 1.08% and a negative net margin of 1.37%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. B. Riley decreased their target price on Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 6th. Guggenheim reaffirmed a “hold” rating on shares of Ascena Retail Group in a report on Tuesday, June 5th. ValuEngine raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $3.38.
NASDAQ ASNA opened at $3.99 on Wednesday. The company has a market capitalization of $824.10 million, a PE ratio of 18.11 and a beta of 1.82. Ascena Retail Group has a 1-year low of $1.69 and a 1-year high of $4.74. The company has a current ratio of 1.28, a quick ratio of 0.57 and a debt-to-equity ratio of 1.91.
Several large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC increased its holdings in shares of Ascena Retail Group by 28.6% in the first quarter. Wedge Capital Management L L P NC now owns 136,858 shares of the specialty retailer’s stock valued at $275,000 after purchasing an additional 30,417 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Ascena Retail Group by 298.9% during the fourth quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after acquiring an additional 36,884 shares during the last quarter. Geode Capital Management LLC increased its stake in Ascena Retail Group by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,489,466 shares of the specialty retailer’s stock worth $3,500,000 after acquiring an additional 37,880 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Ascena Retail Group by 1.8% during the fourth quarter. OppenheimerFunds Inc. now owns 2,175,286 shares of the specialty retailer’s stock worth $5,112,000 after acquiring an additional 38,235 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Ascena Retail Group by 384.8% during the first quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 44,168 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.
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 six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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