Ascena Retail Group (ASNA) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Ascena Retail Group (NASDAQ:ASNA) issued its quarterly earnings results on Thursday. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01), Briefing.com reports. Ascena Retail Group had a negative net margin of 0.61% and a negative return on equity of 1.70%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted ($0.12) earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Ascena Retail Group updated its Q3 2019 guidance to $-0.45–0.35 EPS.

ASNA opened at $1.89 on Friday. The firm has a market cap of $400.80 million, a PE ratio of -94.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.28 and a quick ratio of 0.45. Ascena Retail Group has a fifty-two week low of $1.77 and a fifty-two week high of $5.28.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASNA. Texas Permanent School Fund boosted its position in shares of Ascena Retail Group by 4.7% in the fourth quarter. Texas Permanent School Fund now owns 113,696 shares of the specialty retailer’s stock worth $285,000 after buying an additional 5,052 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ascena Retail Group by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,031,400 shares of the specialty retailer’s stock worth $5,099,000 after buying an additional 12,579 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Ascena Retail Group by 7.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 211,929 shares of the specialty retailer’s stock worth $532,000 after buying an additional 14,007 shares during the period. Principal Financial Group Inc. boosted its position in shares of Ascena Retail Group by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 1,431,568 shares of the specialty retailer’s stock worth $3,594,000 after buying an additional 14,464 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Ascena Retail Group by 13.4% in the third quarter. Wells Fargo & Company MN now owns 133,345 shares of the specialty retailer’s stock worth $609,000 after buying an additional 15,796 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.



Several brokerages have recently issued reports on ASNA. Zacks Investment Research upgraded Ascena Retail Group from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Tuesday, January 15th. Telsey Advisory Group lowered their price target on 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. BidaskClub cut Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 22nd. Finally, ValuEngine cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $3.50.

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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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Earnings History for Ascena Retail Group (NASDAQ:ASNA)

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