Ascena Retail Group (ASNA) has been rated by 7 research analysts. Ascena already had slid 18 percent this year through Monday. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. 0 analysts hold “Sell” rating for the stock.
Advertisement
09/24/2015 – Ascena Retail Group, Inc. had its “buy” rating reiterated by analysts at Guggenheim.
Ascena Retail Group Inc opened for trading at $7.82 and hit $8.335 on the upside on Friday, eventually ending the session at $7.97, with a gain of 1.92% or 0.15 points. The stock has a 50 day moving average of $8.03 and a 200 day moving average of $8.34.
“Fiscal 2016 was a challenging year for Ascena, characterized by a highly competitive selling environment and significant store traffic headwinds”, said David Jaffe, President and Chief Executive Officer of Ascena. The average forecast of all the analysts is $12.29 and the expected standard deviation is $3.2.
On the company’s financial health, Ascena Retail Group Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 31, 2016.
Ascena Retail expects full-year earnings in the range of 60 cents to 65 cents per share, with revenue in the range of $6.9 billion to $7 billion. The company markets its products through direct sales force, as well as through sales representatives and resellers.
Ascena Retail Group Inc. Additionally, the Company’s non-GAAP adjusted financial results for its fiscal fourth quarter ended July 30, 2016 exclude acquisition and integration expenses, and non-cash expenses associated with the purchase accounting adjustments of ANN’s assets and liabilities to fair market value.
The Mahwah, New Jersey-based company said it had net income of 7 cents per share.
01/15/2016 – Ascena Retail Group, Inc. had its “outperform” rating reiterated by analysts at RBC Capital.
Over all, Ascena reported a profit of $13.8 million, or 7 cents a share, compared with a year-earlier loss of $323.4 million, or $1.98 a share. The stock has a weekly performance of 4.37 percent and is -17.56 percent year-to-date as of the recent close.
For the current week, the company shares have a recommendation consensus of Buy. Finally, Amalgamated Bank increased its stake in shares of Ascena Retail Group by 10.9% in the second quarter. Pacad Investment Ltd. now owns 95,332 shares of the company’s stock worth $666,000 after buying an additional 11,300 shares during the last quarter.
Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of clothing, shoes, and accessories for missy, plus-size women, and tween girls in the United States, Canada, and Puerto Rico.
Advertisement
Comparable sales, which exclude Ann, dropped 4% as growth of 1% at Lane Bryant was offset by declines at Ascena’s other legacy brands.
