Ascena Retail Group Inc (NASDAQ:ASNA) Sentiment Improved, Despite

Paterniano Del Favero
Agosto 16, 2017

Several research analysts have commented on the stock. Three analysts have issued estimates for Ascena Retail Group's earnings, with estimates ranging from $1.53 billion to $1.66 billion. Sentinel Trust Co. LBA increased its position in Ascena Retail Group by 29.0% in the first quarter. Analysts predict that Ascena Retail Group, Inc. will post $0.13 EPS for the current year. Similarly, full-year sales forecasts have ranged between $6.51 Billion and $6.58 Billion. Citigroup downgraded Ascena Retail Group Inc (NASDAQ:ASNA) on Tuesday, March 7 to "Sell" rating. WA boosted its stake in Ascena Retail Group, Inc.

In the last earnings report the EPS was $-5.33 and is estimated to be $0.13 for the current year with 191,900,000 shares outstanding. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.54 billion. For the current year the company's revenue estimates are $6.54 Billion compared to low analyst estimates of $6.51 Billion and high estimates of $6.58 Billion according to 4 number of analysts. During the same period in the prior year, the firm earned $0.15 EPS.

Stock market analysts and brokers have recently amended their target prices on shares of Ascena Retail Group, Inc. BidaskClub upgraded Ascena Retail Group from a strong sell rating to a sell rating in a research report on Monday, July 31st. Cowen and Company reissued a "market perform" rating and set a $2.00 price target (down from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. The brokerage now has a hold rating on the specialty retailer's stock. Telsey Advisory Group maintained the shares of ASNA in report on Tuesday, January 12 with "Market Perform" rating. Royal Bank Of Canada set a $5.00 price target on shares of Ascena Retail Group and gave the stock a "hold" rating in a research note on Saturday, May 13th.

A number of research firms have recently issued reports on ASNA. Moreover, Coliseum Capital Management Llc has 15.71% invested in the company for 5.62 million shares. Arbiter Partners Capital Management Llc, a New York-based fund reported 118,567 shares. Bank of New York Mellon Corp now owns 3,493,619 shares of the specialty retailer's stock valued at $14,882,000 after buying an additional 1,398,857 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Ascena Retail Group by 6,135.7% in the first quarter. Can now owns 230,087 shares of the specialty retailer's stock worth $980,000 after buying an additional 7,394 shares during the last quarter. Can increased its position in shares of Ascena Retail Group by 3.3% in the first quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer's stock valued at $167,000 after buying an additional 26,909 shares during the last quarter.

Currently Ascena Retail Grp Cmn (NASDAQ:ASNA)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 74.7%. It also upped Heartland Finl Usa Inc (NASDAQ:HTLF) stake by 95,914 shares and now owns 343,776 shares. "(NASDAQ:ASNA) Expected to Announce Quarterly Sales of $1.60 Billion" was published by StockNewsTimes and is owned by of StockNewsTimes. "(NASDAQ:ASNA) Declines By 8.7%" was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. The original version of this report can be viewed at https://rinconhillneighbors.org/2017/08/16/fbr-co-reiterates-3-00-price-target-for-ascena-retail-group-inc-asna.html.

The share price of Ascena Retail Group, Inc. This change led market cap to move at $424.99M, putting the price -75.97% below the 52-week high and 32.73% above the 52-week low.

The stock closed the last trade at $2.00, exchanging hands with 2287615 shares contrast to its average daily volume of 3.47M shares.

Ascena Retail Grp Cmn (NASDAQ:ASNA) 52-week high price stands at $9.11 and low price stands at $1.65, its price distance from 52-week high is -77.95% while its distance from 52-week low price is 21.82%.

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