Ascena Retail Group Inc (NASDAQ:ASNA) – Equities researchers at B. Riley decreased their FY2019 earnings per share (EPS) estimates for Ascena Retail Group in a research note issued to investors on Tuesday, June 11th. B. Riley analyst S. Anderson now forecasts that the specialty retailer will earn ($0.66) per share for the year, down from their previous forecast of ($0.48). B. Riley has a “Neutral” rating and a $1.00 price target on the stock. B. Riley also issued estimates for Ascena Retail Group’s Q4 2019 earnings at ($0.07) EPS and FY2020 earnings at ($0.26) EPS.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Monday, June 10th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.11. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Ascena Retail Group had a negative return on equity of 10.72% and a negative net margin of 4.28%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) earnings per share.
Other analysts have also recently issued reports about the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $1.00 price objective (down from $2.00) on shares of Ascena Retail Group in a research note on Tuesday. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Citigroup upgraded Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price objective on the stock in a research note on Wednesday, April 3rd. BidaskClub raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, ValuEngine lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1.64.
Shares of NASDAQ ASNA opened at $0.88 on Thursday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.51 and a current ratio of 1.38. Ascena Retail Group has a 12-month low of $0.85 and a 12-month high of $5.28.
A number of large investors have recently bought and sold shares of ASNA. Sapience Investments LLC increased its holdings in Ascena Retail Group by 59.2% in the first quarter. Sapience Investments LLC now owns 9,198,151 shares of the specialty retailer’s stock valued at $9,934,000 after buying an additional 3,420,461 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Ascena Retail Group by 753.4% in the fourth quarter. Acadian Asset Management LLC now owns 1,271,109 shares of the specialty retailer’s stock valued at $3,192,000 after buying an additional 1,122,158 shares during the last quarter. BlackRock Inc. increased its holdings in Ascena Retail Group by 3.4% in the fourth quarter. BlackRock Inc. now owns 25,987,545 shares of the specialty retailer’s stock valued at $65,227,000 after buying an additional 862,137 shares during the last quarter. Norges Bank purchased a new position in Ascena Retail Group in the fourth quarter valued at $1,828,000. Finally, OppenheimerFunds Inc. increased its holdings in Ascena Retail Group by 42.7% in the first quarter. OppenheimerFunds Inc. now owns 1,927,620 shares of the specialty retailer’s stock valued at $2,082,000 after buying an additional 577,234 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.
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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