BidaskClub cut shares of Ascena Retail Group (NASDAQ:ASNA) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.
Other research analysts have also issued research reports about the company. B. Riley lifted their target price on Ascena Retail Group from $3.50 to $4.50 and gave the company a neutral rating in a report on Wednesday, August 15th. Guggenheim reaffirmed a hold rating on shares of Ascena Retail Group in a report on Tuesday, June 5th. Finally, Zacks Investment Research lowered Ascena Retail Group from a buy rating to a hold rating in a report on Friday, June 8th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $3.69.
ASNA stock opened at $4.11 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.28 and a debt-to-equity ratio of 1.91. The stock has a market cap of $851.57 million, a price-to-earnings ratio of 18.68 and a beta of 1.70. Ascena Retail Group has a twelve month low of $1.69 and a twelve month high of $5.28.
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.
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