Ascena Retail Group Inc (NASDAQ:ASNA) – Stock analysts at B. Riley issued their Q1 2019 earnings estimates for shares of Ascena Retail Group in a research note issued on Wednesday, August 15th. B. Riley analyst S. Anderson expects that the specialty retailer will post earnings of $0.15 per share for the quarter. B. Riley has a “Neutral” rating and a $4.50 price objective on the stock. B. Riley also issued estimates for Ascena Retail Group’s Q2 2019 earnings at ($0.12) EPS, Q3 2019 earnings at ($0.03) EPS and Q4 2019 earnings at $0.07 EPS.
Several other analysts have also issued reports on ASNA. BidaskClub lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, Guggenheim restated a “hold” rating on shares of Ascena Retail Group in a research note on Tuesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.69.
Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Wednesday, June 6th. The specialty retailer reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. Ascena Retail Group had a negative return on equity of 1.08% and a negative net margin of 1.37%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the firm posted $0.05 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in Ascena Retail Group in the second quarter valued at approximately $100,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Ascena Retail Group in the second quarter valued at approximately $144,000. BlueMountain Capital Management LLC bought a new stake in Ascena Retail Group in the second quarter valued at approximately $173,000. Jane Street Group LLC raised its stake in Ascena Retail Group by 384.8% in the first quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 44,168 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in Ascena Retail Group by 303.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 58,170 shares of the specialty retailer’s stock valued at $232,000 after buying an additional 43,735 shares during the period. Hedge funds and other institutional investors own 92.20% 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 six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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