Ascena Retail Group Inc (ASNA) is Reiterated by Telsey Advisory Group to Market Perform, Lowers Price Target to $ 10

Ascena Retail Group Inc (ASNA) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $11 . Telsey Advisory Group advised their investors in a research report released on Jun 1, 2016.

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

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