B. Riley Analysts Give Ascena Retail Group (ASNA) a $2.00 Price Target

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B. Riley set a $2.00 price objective on Ascena Retail Group (NASDAQ:ASNA) in a research report released on Friday, TipRanks reports. The firm currently has a hold rating on the specialty retailer’s stock. B. Riley also issued estimates for Ascena Retail Group’s Q4 2019 earnings at $0.10 EPS.

ASNA has been the subject of several other reports. BidaskClub lowered Ascena Retail Group from a sell rating to a strong sell rating in a research report on Friday, January 25th. ValuEngine downgraded Ascena Retail Group from a buy rating to a hold rating in a research report on Monday, April 1st. Zacks Investment Research downgraded Ascena Retail Group from a buy rating to a hold rating in a research report on Thursday, January 31st. Finally, Citigroup raised Ascena Retail Group from a sell rating to a neutral rating and set a $1.05 price target for the company in a research report on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $2.64.

Shares of ASNA traded down $0.12 on Friday, hitting $1.14. The company’s stock had a trading volume of 3,306,626 shares, compared to its average volume of 3,347,829. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.51 and a current ratio of 1.28. Ascena Retail Group has a fifty-two week low of $0.97 and a fifty-two week high of $5.28. The firm has a market capitalization of $248.93 million, a PE ratio of -57.00 and a beta of 1.40.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. Ascena Retail Group’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that Ascena Retail Group will post -0.45 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in ASNA. Sapience Investments LLC boosted its position in Ascena Retail Group by 59.2% during the 1st quarter. Sapience Investments LLC now owns 9,198,151 shares of the specialty retailer’s stock worth $9,934,000 after acquiring an additional 3,420,461 shares during the last quarter. Acadian Asset Management LLC boosted its position in Ascena Retail Group by 753.4% during the 4th quarter. Acadian Asset Management LLC now owns 1,271,109 shares of the specialty retailer’s stock worth $3,192,000 after acquiring an additional 1,122,158 shares during the last quarter. BlackRock Inc. boosted its position in Ascena Retail Group by 3.4% during the 4th quarter. BlackRock Inc. now owns 25,987,545 shares of the specialty retailer’s stock worth $65,227,000 after acquiring an additional 862,137 shares during the last quarter. Norges Bank acquired a new position in Ascena Retail Group during the 4th quarter worth approximately $1,828,000. Finally, Vanguard Group Inc. boosted its position in Ascena Retail Group by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,605,882 shares of the specialty retailer’s stock worth $75,889,000 after acquiring an additional 708,559 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

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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