Ascena Retail Group Inc (NASDAQ:ASNA)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $3.33, but opened at $3.25. Ascena Retail Group shares last traded at $3.09, with a volume of 2491677 shares changing hands.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Ascena Retail Group from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Wednesday, November 7th. BidaskClub cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. B. Riley reissued a “neutral” rating on shares of Ascena Retail Group in a research note on Wednesday, November 14th. Telsey Advisory Group lowered their price target on Ascena Retail Group from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, December 11th. Finally, Citigroup boosted their price target on Ascena Retail Group from $1.50 to $2.00 and gave the company a “sell” rating in a research note on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.81.
The company has a market cap of $540.98 million, a P/E ratio of -154.50 and a beta of 1.60. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.28 and a quick ratio of 0.45.
Several hedge funds and other institutional investors have recently made changes to their positions in ASNA. Russell Investments Group Ltd. acquired a new stake in Ascena Retail Group in the 2nd quarter worth approximately $408,000. BlackRock Inc. lifted its holdings in Ascena Retail Group by 8.2% in the 2nd quarter. BlackRock Inc. now owns 24,127,097 shares of the specialty retailer’s stock worth $96,147,000 after purchasing an additional 1,820,104 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ascena Retail Group by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,413,070 shares of the specialty retailer’s stock worth $65,408,000 after purchasing an additional 1,294,987 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in Ascena Retail Group in the 2nd quarter worth approximately $173,000. Finally, Renaissance Technologies LLC lifted its holdings in Ascena Retail Group by 132.8% in the 2nd quarter. Renaissance Technologies LLC now owns 4,678,200 shares of the specialty retailer’s stock worth $18,643,000 after purchasing an additional 2,668,900 shares during the last quarter. 98.68% of the stock is owned by institutional investors and hedge funds.
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About Ascena Retail Group (NASDAQ:ASNA)
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.
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