Analyst Rating Update on Ascena Retail Group (ASNA)

Ascena Retail Group (ASNA) : The consensus on Ascena Retail Group (ASNA) based on 7 analyst recommendation on the company stock is 1.57, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ascena Retail Group (ASNA) : Average target price received by Ascena Retail Group (ASNA) is $12.43 with an expected standard deviation of $3.31. The most aggressive target on the stock is $17, whereas the most downbeat target is $8. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Ascena Retail Group (NASDAQ:ASNA): The stock opened at $7.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.40 for the day. The stock traded down to $7.01 during the day, due to lack of any buying support eventually closed down at $7.33 with a loss of -2.79% for the day. The stock had closed at $7.54 on the previous day. The total traded volume was 3,617,715 shares.

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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