BidaskClub upgraded shares of Ascena Retail Group (NASDAQ:ASNA) from a hold rating to a buy rating in a research report sent to investors on Friday morning.
Several other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Ascena Retail Group from a sell rating to a hold rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Wednesday, March 7th. Finally, B. Riley lowered their price target on shares of Ascena Retail Group from $2.50 to $2.00 and set a neutral rating on the stock in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $2.60.
Shares of ASNA stock opened at $2.22 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.64 and a current ratio of 1.29. The stock has a market cap of $447.32, a PE ratio of 10.09 and a beta of 1.74. Ascena Retail Group has a twelve month low of $1.65 and a twelve month high of $4.11.
Hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in Ascena Retail Group by 298.9% in the fourth quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Ascena Retail Group in the third quarter valued at about $133,000. Stone Ridge Asset Management LLC acquired a new position in Ascena Retail Group in the fourth quarter valued at about $181,000. Wedge Capital Management L L P NC acquired a new position in Ascena Retail Group in the fourth quarter valued at about $250,000. Finally, JPMorgan Chase & Co. acquired a new position in Ascena Retail Group in the third quarter valued at about $337,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
About Ascena Retail Group
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 six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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.