Short Term Price Target on Ascena Retail Group (ASNA)

Ascena Retail Group (NASDAQ:ASNA) : The most positive equity analysts on Ascena Retail Group (NASDAQ:ASNA) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $12.57 with an expected fluctuation of $3.46 from the mean.

Ascena Retail Group Inc. has lost 1.83% in the last five trading days and dropped 0.99% in the last 4 weeks. Ascena Retail Group Inc. has dropped 35.52% during the last 3-month period . Year-to-Date the stock performance stands at -29.04%.

Ascena Retail Group (NASDAQ:ASNA) : Zacks Investment Research ranks Ascena Retail Group (NASDAQ:ASNA) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.57, which indicates as a Buy.

Ascena Retail Group (NASDAQ:ASNA): The stock was completely flat for the day, closing at $6.99 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $7.00, the stock touched an intraday high of $7.10 and a low of $6.89. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $6.99. The total trading volume on Thursday was 2,863,690.

In an insider trading activity, Giammatteo Robert, CFO of Ascena Retail Group, Inc. had purchased 5,000 shares on June 2, 2016 in a transaction. The price per share was $7.18 and the total amount of the disclosed transaction was $35,900.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Ascena Retail Group, Inc. is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment consists of specialty retail, outlet and e-commerce operations of Ann Taylor and LOFT brands. The Justice merchandise mix includes apparel, accessories, footwear, intimates and lifestyle products. The Lane Bryant segment offers apparel, including intimate apparel, wear-to-work and casual sportswear, accessories, select footwear and social occasion apparel. The maurices brand caters customers in ages between over 20 and 30, including core and plus-size offerings. The dressbarn brand caters female consumers in ages between approximately 30 and 50. Catherines offers apparel and accessories for wear-to-work and casual lifestyles.

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