Ascena Retail Group (NASDAQ:ASNA) Stock Rating Upgraded by ValuEngine

Ascena Retail Group (NASDAQ:ASNA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, ValuEngine reports.

A number of other research firms have also recently commented on ASNA. B. Riley cut their target price on Ascena Retail Group from $2.00 to $1.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 11th. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $1.00 target price (down previously from $2.00) on shares of Ascena Retail Group in a research report on Tuesday, June 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Ascena Retail Group currently has a consensus rating of “Hold” and a consensus price target of $1.64.

Shares of ASNA traded up $0.01 during midday trading on Wednesday, reaching $0.32. 7,689,022 shares of the stock were exchanged, compared to its average volume of 3,741,131. The business’s 50-day moving average price is $0.27 and its 200 day moving average price is $0.74. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.38 and a quick ratio of 0.72. Ascena Retail Group has a twelve month low of $0.20 and a twelve month high of $4.73. The company has a market capitalization of $62.39 million, a price-to-earnings ratio of -15.77 and a beta of 1.01.

Institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC acquired a new stake in shares of Ascena Retail Group during the second quarter worth about $27,000. Weiss Asset Management LP increased its position in Ascena Retail Group by 52.1% in the 1st quarter. Weiss Asset Management LP now owns 44,269 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 15,163 shares during the period. BNP Paribas Arbitrage SA increased its position in Ascena Retail Group by 159.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 59,237 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 36,392 shares during the period. Bourgeon Capital Management LLC increased its position in Ascena Retail Group by 75.0% in the 2nd quarter. Bourgeon Capital Management LLC now owns 63,000 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 27,000 shares during the period. Finally, CSat Investment Advisory L.P. increased its position in Ascena Retail Group by 90.8% in the 1st quarter. CSat Investment Advisory L.P. now owns 102,416 shares of the specialty retailer’s stock valued at $111,000 after acquiring an additional 48,751 shares during the period. Institutional investors and hedge funds own 97.11% of the company’s stock.

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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