Ascena Retail Group, Inc. (NASDAQ:ASNA) Raised to "Sell" at BidaskClub

Marco Green
August 11, 2017

It has underperformed by 87.64% the S&P500.The move comes after 8 months negative chart setup for the $463.95 million company.

Investors sentiment increased to 1.11 in Q4 2016. Its down 0.18, from 0.98 in 2016Q3. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 70.94% since August 9, 2016 and is downtrending. 11 funds opened positions while 29 raised stakes. 170.48 million shares or 3.73% less from 177.08 million shares in 2016Q3 were reported. Prescott Grp Cap Mngmt Lc reported 809,183 shares. Wells Fargo & Company/mn now controls 2,343 shares with a value of $5,000. Bernzott Advisors has 667,682 shares for 2.92% of their portfolio. The company's institutional ownership is monitored at 49.2 percent. Nationwide Fund Advsr holds 122,342 shares or 0% of its portfolio.

Analysts await Ascena Retail Group Inc (NASDAQ:ASNA) to report earnings on September, 18. Proshare Advsrs Ltd Liability Corporation reported 33,303 shares. "The first line is called the "%K" line, which analyzes the actual price movements in the shares and can be defined as: "%K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100.

03/07/2017 - Ascena Retail Group, Inc. was downgraded to "sell" by analysts at Citigroup.

01/19/2017 - Ascena Retail Group, Inc. had its "sector perform" rating reiterated by analysts at RBC Capital. Huntington Natl Bank holds 0% or 1,026 shares. (NASDAQ:ASNA) has earned a consensus rating of "Hold" from the twelve brokerages that are covering the firm, Marketbeat reports.

Invesco Mortgage Capital a holding company, which conducts its businesses through IAS Operating Partnership LP and subsidiaries. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion.

Dividends is a reward scheme, that a company presents to its shareholders. Given that earnings are what matter most to investors, analysts tend to place a greater weight on the P/E. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Therefore 41% are positive. INVESCO MORTGAGE CAPITAL INC had 23 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was downgraded by Sidoti to "Neutral" on Wednesday, December 16. Finally, BidaskClub upgraded shares of Ascena Retail Group from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. The stock of Mistras Group Inc (NYSE:MG) earned "Outperform" rating by Scotia Capital on Friday, November 4. The company was upgraded on Monday, July 17 by Wood. Wood maintained Invesco Mortgage Capital Inc (NYSE:IVR) on Wednesday, August 19 with "Outperform" rating. Over the past month, the stock has performed 9.16%. As per Friday, February 24, the company rating was downgraded by Instinet. A rating of 3 would indicate a Hold recommendation.

The market experts are predicting a 76.32% rally, based on the high target price ($7) for DHT Holdings, Inc. shares that is likely to be hit in the 52 weeks. Prudential Fin has invested 0% in Mistras Group Inc (NYSE:MG). Tiaa Cref Investment Mgmt holds 0% or 524,893 shares in its portfolio. Systematic L P accumulated 109,775 shares or 0.03% of the stock. Looking back over the past full-year, shares have performed -14.60%. Raiff Prtn owns 500 shares for 0.03% of their portfolio.

How Company Returns Shareholder's Value? State Street Corp holds 4.43M shares or 0% of its portfolio. The company had a trading volume of 1,149,923 shares. Weik Ser Incorporated owns 35,500 shares for 0.12% of their portfolio. Royal Financial Bank Of Canada holds 46,038 shares.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year. Its price to sales ratio of 0.07 ranks lower than the industry's 2.10. However yesterday the stock remained in between $2.400 and $2.590. The insider Collins Kevin M bought $90,447.

DHT Holdings, Inc. (DHT) exchanged hands at an unexpectedly low level of 1.58 million shares over the course of the day.

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