Ascena Retail Group (NASDAQ:ASNA) announced its quarterly earnings data on Monday. The specialty retailer reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11, Bloomberg Earnings reports. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. Ascena Retail Group updated its Q2 guidance to ($0.12-0.07) EPS.
Ascena Retail Group (NASDAQ:ASNA) opened at $2.61 on Tuesday. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. The stock has a market cap of $484.14, a PE ratio of 11.76 and a beta of 1.96.
ASNA has been the subject of a number of recent analyst reports. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, August 15th. BidaskClub cut shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Royal Bank Of Canada dropped their target price on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.36.
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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.
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