Ascena Retail Group's (ASNA) "Buy" Rating Reaffirmed at FIG Partners

Mae Love
January 13, 2018

Ascena Retail Group Inc has a fifty-two week low of $1.65 and a fifty-two week high of $5.94. Citigroup downgraded the stock to "Sell" rating in Tuesday, March 7 report. (NASDAQ:ASNA) shares can stay above the price resistance around $2.06 a share, that could help propel Ascena Retail Group, Inc. BidaskClub lowered shares of Ascena Retail Group from a "buy" rating to a "hold" rating in a research note on Saturday, January 6th. Principal Financial Group Inc. raised its stake in shares of Ascena Retail Group by 0.4% in the 2nd quarter. FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the stock a "hold" rating in a research report on Tuesday, October 17th. The stock's average target of $27 is -19.74% below today's ($33.64) share price.

The stock increased 0.07% or $0.01 during the last trading session, reaching $13.99. With 2.04 million shares average volume, it will take short sellers 20 days to cover their ASNA's short positions. Ascena Retail Grp Cmn (NASDAQ:ASNA)'s price to sales ratio for trailing twelve month stands at 0.06, whereas its price to book ratio for the most recent quarters is at 0.48.

Since January 1, 0001, it had 0 insider buys, and 7 insider sales for $12.68 million activity.

Ascena Retail Group Inc.'s insider ownership stands at 6.3 percent, while its insider transaction is -1.66 percent.

Wall Street analysts are predicting that Ascena Retail Grp Cmn (NASDAQ:ASNA) will report earnings per share of $-0.1 in their quarterly report. The institutional investor held 11.90M shares of the consumer services company at the end of 2017Q3, valued at $29.16 million, up from 2.00M at the end of the previous reported quarter.

For the ongoing Fiscal Quarter, 1 analysts have an average earnings forecast of $0.14 per share. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%.

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EPS growth for the next 5 years is 21 percent. The company has a market capitalization of $975.05 million, a P/E ratio of 48.11 and a beta of 2.04. Analysts, on average, seem bullish as they suggest ASNA is worth $0.37 more, giving a target price of $2.38 a share. Following the completion of the sale, the director now owns 108,957 shares in the company, valued at approximately $253,869.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Outperform is an analyst recommendation which means that a stock is expected to do slightly better than the market return.

A number of hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC raised its stake in shares of Ascena Retail Group by 1.2% in the 3rd quarter. The stock is above its 52-week low with 24.85% and is in the wake of its 52-week high with -66.39%. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.58 billion.

Consequently Ascena Retail Grp Cmn (NASDAQ:ASNA)'s weekly and monthly volatility is 5.78%, 5.80% respectively. Public Employees Retirement Association Of Colorado reported 0% in Ascena Retail Group, Inc. When we look at the Volatility of the company, Week Volatility is at 6.47% whereas Month Volatility is at 5.75%. M&T Bank Corp now owns 78,184 shares of the specialty retailer's stock valued at $168,000 after acquiring an additional 1,739 shares during the period. BNP Paribas Arbitrage SA now owns 109,379 shares of the specialty retailer's stock worth $235,000 after buying an additional 34,295 shares during the last quarter.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Ascena Retail Grp Cmn (NASDAQ:ASNA) has a current PEG of 0. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and global copyright and trademark law. Sapience Investments LLC raised its stake in Ascena Retail Group by 97.6% during the second quarter.

"I'm very excited to join ascena and contribute to the company's transformation and growth efforts by leading Lane Bryant, Catherines and Cacique", said Mr. Hunter.

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