Ascena Retail Group (ASNA) Shares Gap Down to $3.25

Shares of Ascena Retail Group Inc (NASDAQ:ASNA) gapped down prior to trading on Thursday . The stock had previously closed at $3.33, but opened at $3.25. Ascena Retail Group shares last traded at $3.09, with a volume of 2491677 shares.

A number of research firms have recently weighed in on ASNA. Citigroup increased their price objective on shares of Ascena Retail Group from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday, September 26th. Zacks Investment Research lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. BidaskClub lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. B. Riley restated a “neutral” rating on shares of Ascena Retail Group in a research report on Wednesday, November 14th. Finally, Telsey Advisory Group dropped their price target on shares of Ascena Retail Group from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.81.

The stock has a market cap of $641.67 million, a P/E ratio of -163.00 and a beta of 1.60. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 1.28.



Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, December 10th. The specialty retailer reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.57 billion. Ascena Retail Group had a negative net margin of 0.61% and a negative return on equity of 1.70%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.11 earnings per share. On average, research analysts forecast that Ascena Retail Group Inc will post 0.07 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Ascena Retail Group in the second quarter valued at about $408,000. Marshall Wace North America L.P. acquired a new stake in shares of Ascena Retail Group in the third quarter valued at about $296,000. Laurion Capital Management LP acquired a new stake in shares of Ascena Retail Group in the second quarter valued at about $686,000. Royce & Associates LP grew its position in shares of Ascena Retail Group by 6.5% in the third quarter. Royce & Associates LP now owns 1,472,966 shares of the specialty retailer’s stock valued at $6,731,000 after purchasing an additional 90,500 shares during the period. Finally, BlackRock Inc. grew its position in shares of Ascena Retail Group by 4.1% in the third quarter. BlackRock Inc. now owns 25,125,408 shares of the specialty retailer’s stock valued at $114,822,000 after purchasing an additional 998,311 shares during the period. Institutional investors own 98.68% of the company’s stock.

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Ascena Retail Group Company Profile (NASDAQ:ASNA)

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.

Further Reading: What are Institutional Investors?

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