Q3 2018 EPS Estimates for Ascena Retail Group Inc (ASNA) Reduced by B. Riley

Ascena Retail Group Inc (NASDAQ:ASNA) – Stock analysts at B. Riley dropped their Q3 2018 earnings per share (EPS) estimates for Ascena Retail Group in a research note issued on Tuesday. B. Riley analyst S. Anderson now anticipates that the specialty retailer will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.05. B. Riley currently has a “Neutral” rating and a $2.50 price target on the stock. B. Riley also issued estimates for Ascena Retail Group’s Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.09 EPS and FY2019 earnings at $0.21 EPS.

ASNA has been the subject of several other research reports. BidaskClub cut shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. KeyCorp reissued a “hold” rating on shares of Ascena Retail Group in a research report on Wednesday, October 11th. Royal Bank Of Canada set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research report on Saturday, October 7th. Finally, ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Ascena Retail Group has a consensus rating of “Hold” and a consensus target price of $3.36.

Shares of Ascena Retail Group (NASDAQ ASNA) traded down $0.07 during midday trading on Wednesday, reaching $2.03. 3,200,600 shares of the company were exchanged, compared to its average volume of 3,205,207. The firm has a market capitalization of $411.68, a PE ratio of 15.00 and a beta of 1.96. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.36. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $8.19.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, December 4th. The specialty retailer reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%. Ascena Retail Group’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share.

Several hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC grew its position in Ascena Retail Group by 3.9% in the 1st quarter. Teachers Advisors LLC now owns 305,091 shares of the specialty retailer’s stock valued at $1,300,000 after purchasing an additional 11,432 shares during the period. Geode Capital Management LLC raised its stake in shares of Ascena Retail Group by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 1,396,917 shares of the specialty retailer’s stock worth $5,950,000 after purchasing an additional 50,736 shares during the period. Bank of America Corp DE raised its stake in shares of Ascena Retail Group by 136.7% during the 1st quarter. Bank of America Corp DE now owns 282,269 shares of the specialty retailer’s stock worth $1,203,000 after purchasing an additional 162,997 shares during the period. State Street Corp raised its stake in shares of Ascena Retail Group by 16.4% during the 1st quarter. State Street Corp now owns 5,157,993 shares of the specialty retailer’s stock worth $21,976,000 after purchasing an additional 727,206 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Ascena Retail Group by 2.8% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock worth $501,000 after purchasing an additional 3,217 shares during the period. 95.06% of the stock is owned by institutional investors.

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Ascena Retail Group Company Profile

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: 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.

Earnings History and Estimates for Ascena Retail Group (NASDAQ:ASNA)

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