Ascena Retail Group Inc (ASNA) Holdings Lifted by Royce & Associates LP

Marco Green
January 13, 2018

Ascena Retail Group Inc (NASDAQ:ASNA) Director Krill Katherine Lawther sold 195,600 shares of the firm's stock in a transaction dated Wednesday, December 27th. Rhumbline Advisers now owns 350,149 shares of the specialty retailer's stock worth $753,000 after acquiring an additional 7,638 shares during the period. Moreover, Huntington Fincl Bank has 0% invested in Ascena Retail Group, Inc.

A number of research analysts have weighed in on the stock.

Having a look in a broader way analysts from brokerage firms on the street with an extensive view have high price target of Ascena Retail Grp Cmn (NASDAQ:ASNA) at $3 and with a conformist view have low price target of $1.5 while the stock's latest closing price was $2.01. M&T Bank Corp raised its stake in shares of Ascena Retail Group by 2.3% in the 2nd quarter. There has been an observed change of -1.66% in the ownership of the shares in the past six months.

Currently Ascena Retail Grp Cmn (NASDAQ:ASNA)'s shares owned by insiders are 6.3%, whereas shares owned by institutional owners are 0%. Over the past twelve months, Ascena Retail Group, Inc. Finally, FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the company a "hold" rating in a research report on Tuesday, October 17th. The company's stock has grown by -30.71 percent in the past 5 years.

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

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

A number of research firms have commented on ASNA. Zacks Investment Research raised shares of Ascena Retail Group from a sell rating to a hold rating in a research note on Tuesday, November 22nd. It also reduced its holding in Echostar Corp (NASDAQ:SATS) by 358,106 shares in the quarter, leaving it with 341,894 shares, and cut its stake in Meet Group Inc. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The brokerage now has a $0.99 price target on the stock, down from their previous price target of $12.60.

Ascena Retail Group (NASDAQ:ASNA) traded down $0.05 during trading hours on Friday, reaching $2.01. The company's stock had a trading volume of 1,414,775 shares. The higher end of the revenue estimate is $93.4 Million and the lower end is $83.73 Million. The stock has a market capitalization of $418.54, a PE ratio of -0.37 and a beta of 1.96. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. They expect $-0.09 earnings per share, down 28.57% or $0.02 from last year's $-0.07 per share. The Return on Investment and Return on Equity (ROE) values are 12.3 percent and 29 percent, respectively. The business earned $1.68 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company earned $0.18 EPS.

Ascena Retail Grp Cmn (NASDAQ:ASNA) has average revenue estimates of $1.63 Billion, compared to low analyst estimates of $1.61 Billion and high estimates of $1.65 Billion for the current quarter.

The company is more than a year into its "Change for Growth" programme that has seen its business restructured to focus on key customer segments, improve its time-to-market and reduce working capital, with the changes including a new brand services team to oversee supply chain, sourcing and logistics. 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 available at the SEC website.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.

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