Ascena Retail Group Inc (ASNA) is Reiterated by FBR Capital to Outperform, Lowers Price Target to $ 15

Ascena Retail Group Inc (ASNA) was Reiterated by FBR Capital to “Outperform” while Lowering the Price Target of the company shares to $ 15 from a previous price target of $18 . FBR Capital advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Ascena Retail Group Inc. Shares were Reiterated by Telsey Advisory Group on Jun 1, 2016 to “Market Perform” and Lowered the Price Target to $ 10 from a previous price target of $11 .

On the company’s financial health, Ascena Retail Group Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 31, 2016. Analyst had a consensus of $0.13. The company had revenue of $1670.00 million for the quarter, compared to analysts expectations of $1733.76 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Ascena Retail Group Inc opened for trading at $7.1 and hit $7.215 on the upside on Friday, eventually ending the session at $7.14, with a gain of 0.99% or 0.07 points. The heightened volatility saw the trading volume jump to 34,96,504 shares. Company has a market cap of $1,385 M.

In a different news, on Apr 7, 2016, Katie J Bayne (director) purchased 4,000 shares at $10.12 per share price. According to the SEC, on Mar 16, 2016, Catherine Elizabeth Buggeln (director) purchased 5,000 shares at $10.25 per share price. On Jan 28, 2016, John E Pershing (EVP, Chief HR Officer) sold 4,505 shares at $7.47 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Ascena Retail Group Inc

Leave a Reply

Ascena Retail Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ascena Retail Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.