BidaskClub upgraded shares of Ascena Retail Group Inc (NASDAQ:ASNA) from a strong sell rating to a sell rating in a research note released on Monday, July 31st.

Several other equities analysts have also recently issued reports on ASNA. Royal Bank Of Canada set a $5.00 price target on Ascena Retail Group and gave the company a hold rating in a research report on Saturday, May 13th. Cowen and Company restated 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 report on Sunday, June 11th. ValuEngine cut Ascena Retail Group from a buy rating to a hold rating in a research report on Friday, June 2nd. Zacks Investment Research cut Ascena Retail Group from a hold rating to a sell rating in a research report on Friday, June 9th. Finally, Telsey Advisory Group dropped their target price on Ascena Retail Group from $6.00 to $3.00 and set a market perform rating on the stock in a research report on Thursday, May 18th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Ascena Retail Group has a consensus rating of Hold and a consensus price target of $4.50.

Shares of Ascena Retail Group (ASNA) traded up 0.46% during trading on Monday, hitting $2.19. 2,064,460 shares of the company were exchanged. The stock’s market capitalization is $420.26 million. The company has a 50 day moving average of $2.23 and a 200-day moving average of $3.34. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $9.12.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Ascena Retail Group had a negative return on equity of 307.11% and a negative net margin of 65.86%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, analysts forecast that Ascena Retail Group will post $0.13 earnings per share for the current year.

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Several large investors have recently made changes to their positions in ASNA. BlackRock Inc. raised its stake in shares of Ascena Retail Group by 54,175.1% in the first quarter. BlackRock Inc. now owns 21,051,698 shares of the specialty retailer’s stock valued at $89,680,000 after buying an additional 21,012,911 shares during the period. Nomura Holdings Inc. raised its stake in shares of Ascena Retail Group by 72.5% in the first quarter. Nomura Holdings Inc. now owns 19,090,378 shares of the specialty retailer’s stock valued at $81,377,000 after buying an additional 8,025,583 shares during the period. Sapience Investments LLC raised its stake in shares of Ascena Retail Group by 97.6% in the second quarter. Sapience Investments LLC now owns 5,451,695 shares of the specialty retailer’s stock valued at $11,721,000 after buying an additional 2,692,810 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ascena Retail Group by 18.9% in the first quarter. Dimensional Fund Advisors LP now owns 13,252,587 shares of the specialty retailer’s stock valued at $56,456,000 after buying an additional 2,102,956 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Ascena Retail Group by 14.5% in the second quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock valued at $35,763,000 after buying an additional 2,101,044 shares during the period. 96.15% of the stock is currently owned by institutional investors and hedge funds.

About Ascena Retail Group

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

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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