Several other equities research analysts have also weighed in on ASNA. Zacks Investment Research lowered Ascena Retail Group from a hold rating to a sell rating in a research report on Friday, March 15th. Telsey Advisory Group dropped their target price on Ascena Retail Group from $5.00 to $4.00 and set a market perform rating on the stock in a research report on Tuesday, December 11th. Finally, BidaskClub lowered Ascena Retail Group from a sell rating to a strong sell rating in a research report on Friday, January 25th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of Hold and an average price target of $3.50.
ASNA stock opened at $0.98 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.51 and a debt-to-equity ratio of 1.79. Ascena Retail Group has a 12-month low of $0.97 and a 12-month high of $5.28.
A number of hedge funds and other institutional investors have recently modified their holdings of ASNA. Magnus Financial Group LLC acquired a new stake in Ascena Retail Group in the fourth quarter worth $60,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Ascena Retail Group during the fourth quarter valued at $66,000. NumerixS Investment Technologies Inc acquired a new position in shares of Ascena Retail Group during the fourth quarter valued at $100,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Ascena Retail Group during the fourth quarter valued at $125,000. Finally, Virtu Financial LLC acquired a new position in shares of Ascena Retail Group during the third quarter valued at $134,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Ascena Retail Group Company Profile
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
Featured Article: Trading Stocks – What are percentage gainers?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.