Why Should Investors Reconsider? Ascena Retail Group Inc. (ASNA)

The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. (NASDAQ:ASNA), Stochastic %D value stayed at 12.72% for the last 9 days. The brokerage now has a $0.99 price target on the stock, down from their previous price target of $12.60. Zacks Investment Research raised shares of Ascena Retail Group from a sell rating to a hold rating in a research note on Tuesday, November 22nd. Past 5 years growth of the company observed at -30.71%, and for the next five years the analysts that follow the company are expecting its growth at 21%. The most optimistic analyst sees the stock reaching $3 while the most conventional has $1.5 target price. (NASDAQ:ASNA) has "Market Perform" rating given on Tuesday, January 12 by Telsey Advisory Group. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. Ascena Retail Grp Cmn (NASDAQ:ASNA)'s price sits -5.98% off from its 50-day moving average of $2.21 and -17.03% away from the stock's 200-day moving average which is $2.14.

Shares of Ascena Retail Group (NASDAQ:ASNA) traded up $0.08 on Friday, hitting $2.13. With 2.04 million shares average volume, it will take short sellers 20 days to cover their ASNA's short positions. MUR price is down almost -0.15% from its 52-week high price of $33.72 a share but is up about 34.04% from its 52-week low price of $22.21 a share. Harvest Capital Strategies Llc who had been investing in Ascena Retail Group Inc for a number of months, seems to be bullish on the $384.61 million market cap company. Corporation (NYSE:FNB) has "Hold" rating given on Thursday, October 19 by RBC Capital Markets. (NASDAQ:ASNA)'s latest quote $2.01 $0 0% will find technical support in $1.98 a share and a breakdown below this region would be a significantly bearish signal for Ascena Retail Group, Inc. traders. In the last 27 earnings reports, the company has topped earnings-per-share estimates 25% percent of times. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion.

While having a peek at profitability ratios Ascena Retail Grp Cmn (NASDAQ:ASNA) has trailing twelve month gross margin at 58.1%, its trailing twelve month operating margin stands at -20.2% whereas its trailing twelve month net profit margin spots at -16.4%. Likewise, the downbeat performance for the last quarter was -5.94% and for the full year it was -65.67%. During the same period previous year, the firm earned $0.18 EPS. The business's quarterly revenue was down 5.3% compared to the same quarter last year. equities analysts anticipate that Ascena Retail Group will post 0.15 earnings per share for the current year.

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In related news, Chairman Elliot S. Jaffe sold 9,150 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. However the company's price to cash per share for most recent quarter stands at 1.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.02% of the company's stock.

Several large investors have recently made changes to their positions in ASNA. Coliseum Capital Management LLC raised its position in shares of Ascena Retail Group by 38.6% in the second quarter.

Consequently Ascena Retail Grp Cmn (NASDAQ:ASNA)'s weekly and monthly volatility is 5.78%, 5.80% respectively. M&T Bank Corp raised its stake in shares of Ascena Retail Group by 2.3% in the 2nd quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer's stock valued at $266,000 after acquiring an additional 1,145 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Ascena Retail Group by 3.9% in the 1st quarter. (NASDAQ:ASNA) news were published by: Businesswire.com which released: "ascena retail group, inc". However, the institutional investors are observed to own N/A of the total shares. Royce & Associates LP owned about 0.47% of Ascena Retail Group worth $2,253,000 at the end of the most recent quarter. The firm operates through six divisions: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

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