Ascena Retail Group Inc (NASDAQ:ASNA) – Stock analysts at B. Riley cut their Q4 2019 EPS estimates for shares of Ascena Retail Group in a report released on Friday, May 17th. B. Riley analyst S. Anderson now anticipates that the specialty retailer will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.13. B. Riley currently has a “Hold” rating and a $2.00 target price on the stock.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. BidaskClub lowered shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 25th. Finally, Citigroup raised shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price target on the stock in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Ascena Retail Group presently has an average rating of “Hold” and an average target price of $2.64.
Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. Ascena Retail Group’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share.
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of Ascena Retail Group by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,018,821 shares of the specialty retailer’s stock worth $9,225,000 after acquiring an additional 66,453 shares in the last quarter. AQR Capital Management LLC lifted its stake in Ascena Retail Group by 85.9% in the 3rd quarter. AQR Capital Management LLC now owns 82,185 shares of the specialty retailer’s stock valued at $376,000 after buying an additional 37,968 shares in the last quarter. Teachers Advisors LLC lifted its stake in Ascena Retail Group by 41.2% in the 3rd quarter. Teachers Advisors LLC now owns 317,673 shares of the specialty retailer’s stock valued at $1,452,000 after buying an additional 92,630 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new stake in Ascena Retail Group in the 3rd quarter valued at approximately $1,597,000. Finally, Legal & General Group Plc lifted its stake in Ascena Retail Group by 10.4% in the 3rd quarter. Legal & General Group Plc now owns 368,003 shares of the specialty retailer’s stock valued at $1,704,000 after buying an additional 34,778 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.
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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