News articles about Ascena Retail Group (NASDAQ:ASNA) have been trending somewhat negative this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ascena Retail Group earned a daily sentiment score of -0.03 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 47.4879867883594 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Ascena Retail Group, Inc. (NASDAQ:ASNA) – Investor’s Alert (PEG in Focus) – Nasdaq Journal (nasdaqjournal.com)
- Moving averages give many trading signals on Ascena Retail Group, Inc. (ASNA) – Wall Street Morning (wallstreetmorning.com)
- ValuEngine Downgrades Ascena Retail Group (ASNA) to Sell (americanbankingnews.com)
- Ascena Retail Group Inc (ASNA) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- CORRECTING and REPLACING ascena retail group, inc. Celebrates International Women’s Day (finance.yahoo.com)
Ascena Retail Group (NASDAQ ASNA) remained flat at $$2.03 during midday trading on Tuesday. The company’s stock had a trading volume of 1,146,333 shares, compared to its average volume of 2,036,479. Ascena Retail Group has a one year low of $1.65 and a one year high of $4.50. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $394.35, a P/E ratio of -0.37 and a beta of 1.76.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. ValuEngine downgraded shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday. B. Riley cut their price target on shares of Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, March 6th. Zacks Investment Research downgraded shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, KeyCorp reissued a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Ascena Retail Group presently has a consensus rating of “Hold” and an average target price of $2.60.
In other news, Director Krill Katherine Lawther sold 195,600 shares of Ascena Retail Group stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $2.45, for a total transaction of $479,220.00. Following the completion of the sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $266,944.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.02% of the company’s stock.
About Ascena Retail Group
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.
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