Brokerage Firm Rating on Ascena Retail Group (ASNA)

Ascena Retail Group (ASNA) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Ascena Retail Group (ASNA) : The highest short term price target forecast on Ascena Retail Group (ASNA) is $17 and the lowest target price is $8. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $12.29 with a standard deviation of $3.2.


For the current week, the company shares have a recommendation consensus of Buy. Ascena Retail Group (NASDAQ:ASNA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.36 and $7.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.57, notching a gain of 4.99% for the day. The total traded volume was 2,203,779 . The stock had closed at $7.21 on the previous day.

In a related news, Giammatteo Robert, CFO of Ascena Retail Group, Inc., had purchased 5,000 shares on June 2, 2016. The total value of the transaction was $35,900. The information was disclosed with the SEC 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.

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