Noticeable Buzzer: Ascena Retail Group, Inc. (ASNA)

Paterniano Del Favero
Agosto 5, 2017

(NASDAQ:ASNA) is down -49.79%, compared with a fall of almost -34.38% for 3 months and about 11.92% for the past 30 days. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Volume on the day was 3.22 million shares.

Several hedge funds have recently made changes to their positions in ASNA. Over the past twelve months, Ascena Retail Group, Inc. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer's stock valued at $294,000 after buying an additional 900 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Ascena Retail Group by 1.3% in the first quarter. Bank of New York Mellon Corp increased its stake in Ascena Retail Group by 66.8% in the first quarter. Geode Capital Management LLC now owns 1,396,917 shares of the specialty retailer's stock worth $5,950,000 after buying an additional 50,736 shares in the last quarter. NGAM Advisors L.P. raised its stake in Ascena Retail Group by 44.9% in the second quarter. First Trust Advisors LP now owns 505,770 shares of the specialty retailer's stock worth $2,155,000 after buying an additional 93,885 shares during the period. Great West Life Assurance Co. NY raised its stake in shares of Ascena Retail Group by 2.8% in the first quarter. Metropolitan Life Insurance Co. The institutional investor owned 21,051,698 shares of the specialty retailer's stock after buying an additional 21,012,911 shares during the period. Tracking company EPS may help to evaulate company stock value.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Ascena Retail Grp Cmn (NASDAQ:ASNA)'s price sits 22.91% above from its 50-day moving average of $2.16 and -40.22% away from the stock's 200-day moving average which is $3.45. Zacks Investment Research lowered shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Friday, June 9th. ValuEngine downgraded Ascena Retail Group from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $5.00 target price on shares of Ascena Retail Group and gave the company a "hold" rating in a research report on Monday, June 12th. Telsey Advisory Group maintained it with "Market Perform" rating and $10 target in Wednesday, June 1 report. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold. Currently, the stock has a 1 Year Price Target of $3.3.

During the latest trading session Voya Financial, Inc.

The High Revenue estimate is predicted as 1.62 Million, while the Low Revenue Estimate prediction stands at 1.53 Million. The firm's market capitalization is $496.06 million. (NASDAQ:ASNA) notched a 12-month high of $2.88 while $5.00 target is by far the most aggressive out of analysts who are now evaluating ASNA, $2.12 higher than the next highest 52-week price estimate. The specialty retailer reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. The company's a year ago sales total was 1.81 Million. During the same period previous year, the company posted $0.15 EPS. The firm's quarterly revenue was down 6.2% on a year-over-year basis.

On average, analysts expect that Ascena Retail Group will report full-year sales of $1.64 billion for the current financial year, with estimates ranging from $6.51 billion to $6.62 billion. If you are viewing this piece of content on another publication, it was stolen and republished in violation of worldwide trademark & copyright legislation. The original version of this report can be read at https://www.com-unik.info/2017/08/04/bidaskclub-upgrades-ascena-retail-group-inc-asna-to-sell.html.

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