Ascena Retail Group Inc (NASDAQ:ASNA)’s share price fell 7.1% during trading on Wednesday . The stock traded as low as $0.26 and last traded at $0.26, 3,212,636 shares changed hands during trading. A decline of 8% from the average session volume of 3,484,011 shares. The stock had previously closed at $0.28.
Several research firms have recently commented on ASNA. BidaskClub upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. B. Riley lowered their price target on shares of Ascena Retail Group from $2.00 to $1.00 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $1.00 price objective (down previously from $2.00) on shares of Ascena Retail Group in a report on Tuesday, June 11th. Finally, ValuEngine raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $1.64.
The company has a market capitalization of $52.91 million, a price-to-earnings ratio of -13.38 and a beta of 0.96. The stock has a fifty day moving average price of $0.48. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.72 and a current ratio of 1.38.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, June 10th. The specialty retailer reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.11. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ascena Retail Group had a negative net margin of 4.28% and a negative return on equity of 10.72%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) earnings per share. As a group, research analysts predict that Ascena Retail Group Inc will post -0.66 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of ASNA. FNY Investment Advisers LLC lifted its holdings in Ascena Retail Group by 218.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 700,000 shares of the specialty retailer’s stock valued at $427,000 after acquiring an additional 480,000 shares during the last quarter. Bourgeon Capital Management LLC lifted its holdings in Ascena Retail Group by 71.4% in the 1st quarter. Bourgeon Capital Management LLC now owns 36,000 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 15,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Ascena Retail Group by 159.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 59,237 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 36,392 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Ascena Retail Group by 137.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 228,150 shares of the specialty retailer’s stock valued at $246,000 after acquiring an additional 132,054 shares during the last quarter. Finally, Norges Bank acquired a new stake in Ascena Retail Group in the 4th quarter valued at about $1,828,000. 98.19% of the stock is owned by institutional investors and hedge funds.
Ascena Retail Group Company Profile (NASDAQ:ASNA)
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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