Ascena Retail Group (NASDAQ:ASNA) : The consensus price target for Ascena Retail Group (NASDAQ:ASNA) is $12.57 for the short term with a standard deviation of $3.46. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $8.
Other Equity analysts have also commented on the company shares. Goldman Sachs upgrades its rating on Ascena Retail Group (NASDAQ:ASNA). Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The shares were previously rated Sell. The rating by the firm was issued on February 11, 2016.
Ascena Retail Group (NASDAQ:ASNA): On Thursdays trading session , Opening price of the stock was $7.24 with an intraday high of $7.36. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.085. However, the stock managed to close at $7.12, a loss of 0.28% for the day. On the previous day, the stock had closed at $7.14. The total traded volume of the day was 3,405,545 shares.
The company shares have dropped -58.46% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $17.49 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $7.38 and the 200 Day Moving Average price is recorded at $8.74. On the companys insider trading activities, Giammatteo Robert, CFO of Ascena Retail Group, Inc., executed a transaction worth $35,900 on June 2, 2016. A total of 5,000 shares were purchased at an average price of $7.18. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.