Ascena Retail Group (NASDAQ:ASNA) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $-0.23-0.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.19).
A number of brokerages have recently commented on ASNA. Telsey Advisory Group reduced their target price on shares of Ascena Retail Group from $5.00 to $4.00 and set a market perform rating for the company in a report on Tuesday, December 11th. BidaskClub cut shares of Ascena Retail Group from a hold rating to a sell rating in a report on Thursday, November 22nd. B. Riley reaffirmed a neutral rating on shares of Ascena Retail Group in a report on Wednesday, November 14th. Zacks Investment Research raised shares of Ascena Retail Group from a hold rating to a buy rating and set a $4.75 price target for the company in a report on Wednesday, November 7th. Finally, Citigroup increased their price target on shares of Ascena Retail Group from $1.50 to $2.00 and gave the stock a sell rating in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $3.81.
NASDAQ ASNA opened at $3.26 on Monday. The stock has a market cap of $641.67 million, a P/E ratio of -163.00 and a beta of 1.60. Ascena Retail Group has a 52-week low of $1.79 and a 52-week high of $5.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.28 and a quick ratio of 0.45.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, December 10th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ascena Retail Group had a negative net margin of 0.61% and a negative return on equity of 1.70%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, sell-side analysts predict that Ascena Retail Group will post 0.07 EPS for the current fiscal year.
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 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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