Brokerages predict that Ascena Retail Group Inc (NASDAQ:ASNA) will post earnings per share (EPS) of $0.04 for the current quarter, according to Zacks. Two analysts have made estimates for Ascena Retail Group’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.04. Ascena Retail Group reported earnings of $0.05 per share during the same quarter last year, which indicates a negative year over year growth rate of 20%. The company is scheduled to issue its next earnings results on Monday, September 24th.
Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Ascena Retail Group.
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Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Wednesday, June 6th. The specialty retailer reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. Ascena Retail Group had a negative net margin of 1.37% and a negative return on equity of 1.08%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year.
ASNA has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. ValuEngine lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, March 9th. B. Riley reduced their price objective on shares of Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 6th. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Tuesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.38.
Ascena Retail Group traded down $0.27, reaching $3.79, during midday trading on Wednesday, MarketBeat Ratings reports. The stock had a trading volume of 1,783,053 shares, compared to its average volume of 4,620,369. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.28 and a quick ratio of 0.57. Ascena Retail Group has a 52-week low of $1.69 and a 52-week high of $4.74. The firm has a market capitalization of $796.63 million, a P/E ratio of 17.23 and a beta of 1.75.
Institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its position in Ascena Retail Group by 298.9% in the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after purchasing an additional 36,884 shares during the period. Jane Street Group LLC increased its position in shares of Ascena Retail Group by 384.8% during the first quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock worth $112,000 after acquiring an additional 44,168 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Ascena Retail Group during the fourth quarter worth approximately $181,000. MetLife Investment Advisors LLC increased its position in shares of Ascena Retail Group by 201.0% during the first quarter. MetLife Investment Advisors LLC now owns 84,485 shares of the specialty retailer’s stock worth $170,000 after acquiring an additional 56,415 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of Ascena Retail Group by 28.6% during the first quarter. Wedge Capital Management L L P NC now owns 136,858 shares of the specialty retailer’s stock worth $275,000 after acquiring an additional 30,417 shares during the period. 92.32% of the stock is currently owned by institutional investors.
Ascena Retail Group Company Profile
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 six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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