Ascena Retail Group (NASDAQ:ASNA) issued its quarterly earnings data on Thursday. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01), Briefing.com reports. Ascena Retail Group had a negative return on equity of 1.70% and a negative net margin of 0.61%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Ascena Retail Group’s quarterly revenue 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.
Shares of Ascena Retail Group stock opened at $1.89 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 1.64. Ascena Retail Group has a 1-year low of $1.77 and a 1-year high of $5.28. The firm has a market capitalization of $400.80 million, a PE ratio of -94.50 and a beta of 1.44.
A number of brokerages have recently weighed in on ASNA. Zacks Investment Research upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Tuesday, January 15th. ValuEngine cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. BidaskClub cut shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 25th. Finally, Telsey Advisory Group reduced their price objective on shares of Ascena Retail Group from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, December 11th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3.50.
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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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