Ascena Retail Group Inc (NASDAQ:ASNA) – Equities research analysts at B. Riley raised their Q3 2019 earnings per share (EPS) estimates for shares of Ascena Retail Group in a note issued to investors on Tuesday, December 11th. B. Riley analyst S. Anderson now anticipates that the specialty retailer will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.03. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Ascena Retail Group’s Q4 2019 earnings at $0.15 EPS.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Monday, December 10th. The specialty retailer reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Ascena Retail Group had a negative return on equity of 0.59% and a negative net margin of 0.60%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The company’s revenue was up .1% compared to the same quarter last year.
A number of other equities analysts also recently weighed in on ASNA. BidaskClub upgraded Ascena Retail Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Citigroup boosted their target price on 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 upgraded Ascena Retail Group from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, October 16th. Finally, Telsey Advisory Group cut their target price on Ascena Retail Group from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $3.81.
Shares of NASDAQ ASNA opened at $2.97 on Wednesday. Ascena Retail Group has a twelve month low of $1.79 and a twelve month high of $5.28. The company has a market capitalization of $594.12 million, a PE ratio of -148.50 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 1.66.
Several hedge funds and other institutional investors have recently made changes to their positions in ASNA. Macquarie Group Ltd. purchased a new position in shares of Ascena Retail Group in the 2nd quarter worth approximately $100,000. Bourgeon Capital Management LLC purchased a new position in shares of Ascena Retail Group in the 3rd quarter worth approximately $128,000. Virtu Financial LLC bought a new stake in shares of Ascena Retail Group in the 3rd quarter worth approximately $134,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Ascena Retail Group in the 2nd quarter worth approximately $144,000. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Ascena Retail Group in the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 98.73% of the company’s stock.
About Ascena Retail Group
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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