Ascena Retail Group Inc
- Author: Zachary Reyes Mar 08, 2017,
Mar 08, 2017, 10:25
The company's shares were closed at $4.84. Waratah Capital Advisors Ltd. acquired a new stake in Ascena Retail Group during the fourth quarter worth about $130,000. Sentinel Trust Co. LBA increased its stake in Ascena Retail Group by 12.8% in the fourth quarter. Finally, Public Employees Retirement System of OH increased its position in shares of Ascena Retail Group by 30.9% in the second quarter. Public Employees Retirement System of OH now owns 24,790 shares of the company's stock valued at $173,000 after buying an additional 5,845 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Ascena Retail Group by 2.0% in the third quarter. (NASDAQ:ASNA) in which Citigroup Maintains Ascena Retail Group Inc. Weik Investment Services Inc. now owns 35,500 shares of the company's stock worth $248,000 after buying an additional 500 shares during the period.
About: 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. (NASDAQ:ASNA) traded with the volume of 6.22 Million in the previous trading session. The total market capitalization remained at $838.66 million. Blackrock Inv Limited Liability has invested 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA). Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings data on Thursday, December 1st. Beta of Target Corporation (NYSE:TGT) is 0.55 while company weekly performance is -13.77%. Canada Pension Plan Inv Board reported 0% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA).
For the current quarter, the highest estimate analysts provided is 1.77 Billion and the lowest is 1.7 Billion. During the same period previous year, the company earned $0.01 earnings per share. Ascena Retail Group's revenue for the quarter was up.4% compared to the same quarter past year. On average, equities research analysts forecast that Ascena Retail Group will post $0.42 EPS for the current fiscal year.
A number of other equities research analysts have also issued reports on ASNA. RBC Capital Markets set a $5.00 price target on Ascena Retail Group and gave the stock a "sector perform" rating in a report on Thursday, January 19th.
On the company's financial health, Ascena Retail Group Inc reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 6, 2017. Analyst's mean target price for COMM is $42.00 while analysts mean recommendation is 1.80. Zacks Investment Research upgraded Ascena Retail Group from a "sell" rating to a "hold" rating in a report on Tuesday, November 22nd.
Currently, the stock carries a price to earnings ratio of 17.05, a price to book ratio of 2.25, and a price to sales ratio of 7.1. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company's stock.
David Jaffe, President and Chief Executive Officer of ascena retail group, commented, "Reflecting on our second quarter results, we saw a continuation of trends that have been in place for some time". In the discount apparel segment, Dressbarn's same-store sales fell 3% while Maurices plunged 8%. The remainder of the increase in margin rate reflects increases at our Premium Fashion and Plus Fashion segments, which resulted from improved inventory productivity, promotional offer refinement, realization of ANN deal synergies, and product cost favorability resulting from the cost of goods sold program at our Premium Fashion segment. Institutional investors and hedge funds own 92.90% of the company's stock.