Ascena Retail Group (ASNA) Shares Gap Up to $2.47

Ascena Retail Group Inc (NASDAQ:ASNA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.39, but opened at $2.47. Ascena Retail Group shares last traded at $2.61, with a volume of 8822600 shares changing hands.

Several research firms recently commented on ASNA. B. Riley dropped their price objective on Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Tuesday. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Saturday. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. ValuEngine cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.36.

The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.20. The firm has a market cap of $397.90, a PE ratio of 11.76 and a beta of 1.96.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $0.18 earnings per share. Ascena Retail Group’s revenue was down 5.3% compared to the same quarter last year. sell-side analysts forecast that Ascena Retail Group Inc will post 0.23 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Northwestern Mutual Investment Management Company LLC purchased a new position in Ascena Retail Group in the second quarter worth about $206,000. Public Employees Retirement System of Ohio boosted its position in Ascena Retail Group by 36.6% in the first quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 12,362 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Ascena Retail Group in the third quarter worth about $133,000. Virtu KCG Holdings LLC boosted its position in Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 21,823 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Ascena Retail Group in the third quarter worth about $172,000. 95.06% of the stock is currently owned by institutional investors and hedge funds.

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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.

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