Ascena Retail Group (NASDAQ:ASNA) Stock Rating Upgraded by ValuEngine

Ascena Retail Group (NASDAQ:ASNA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

A number of other analysts also recently issued reports on ASNA. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Telsey Advisory Group restated a “market perform” rating and set a $1.00 price target (down previously from $2.00) on shares of Ascena Retail Group in a report on Tuesday, June 11th. BidaskClub upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. B. Riley cut 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 report on Tuesday, June 11th. Finally, Citigroup upgraded shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price target for the company in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $1.64.

ASNA stock traded down $0.08 during mid-day trading on Thursday, reaching $0.36. The company’s stock had a trading volume of 4,657,460 shares, compared to its average volume of 3,568,673. The stock has a market cap of $72.14 million, a PE ratio of -18.24 and a beta of 0.97. 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 has a fifty-two week low of $0.36 and a fifty-two week high of $5.28. The company’s 50 day moving average price is $0.59.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, June 10th. The specialty retailer reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.11. The company 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%. Ascena Retail Group’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) EPS. On average, research analysts forecast that Ascena Retail Group will post -0.66 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC acquired a new stake in Ascena Retail Group in the 2nd quarter valued at approximately $27,000. Matrix Asset Advisors Inc. NY acquired a new stake in Ascena Retail Group in the 1st quarter valued at approximately $36,000. Mercer Global Advisors Inc. ADV acquired a new stake in Ascena Retail Group in the 1st quarter valued at approximately $38,000. Bourgeon Capital Management LLC increased its holdings in Ascena Retail Group by 75.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 63,000 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 27,000 shares during the last quarter. Finally, Weiss Asset Management LP increased its holdings in Ascena Retail Group by 52.1% in the 1st quarter. Weiss Asset Management LP now owns 44,269 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 15,163 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

Ascena Retail Group Company Profile

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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