Ascena Retail Group (ASNA) Getting Somewhat Favorable Press Coverage, Study Finds

Media stories about Ascena Retail Group (NASDAQ:ASNA) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ascena Retail Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.262230819551 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

ASNA has been the subject of several research reports. Royal Bank Of Canada set a $3.00 target price on Ascena Retail Group and gave the company a “hold” rating in a report on Saturday, October 7th. FBR & Co set a $3.00 target price on Ascena Retail Group and gave the company a “hold” rating in a report on Tuesday, August 15th. KeyCorp reissued a “hold” rating on shares of Ascena Retail Group in a report on Wednesday, October 11th. BidaskClub cut Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Ascena Retail Group has an average rating of “Hold” and a consensus price target of $3.50.

Ascena Retail Group (ASNA) remained flat at $$1.95 during mid-day trading on Friday. 1,177,697 shares of the company were exchanged, compared to its average volume of 2,269,503. Ascena Retail Group has a 12 month low of $1.65 and a 12 month high of $8.19. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24. The stock has a market cap of $382.22, a PE ratio of 9.29 and a beta of 1.88.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, September 25th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the company earned $0.08 EPS. Ascena Retail Group’s revenue was down 8.5% on a year-over-year basis. equities research analysts anticipate that Ascena Retail Group will post 0.23 EPS for the current fiscal year.

WARNING: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at

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.

Insider Buying and Selling by Quarter for Ascena Retail Group (NASDAQ:ASNA)

What are top analysts saying about Ascena Retail Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ascena Retail Group Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit