Ascena Retail Group (ASNA) Receives Price Target

Ascena Retail Group (ASNA) : The most positive equity analysts on Ascena Retail Group (ASNA) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $12.29 with an expected fluctuation of $3.2 from the mean.

Ascena Retail Group (ASNA) : 5 brokerage houses believe that Ascena Retail Group (ASNA) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ascena Retail Group (ASNA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.57.


Ascena Retail Group (NASDAQ:ASNA): The stock opened at $8.17 on Thursday but the bulls could not build on the opening and the stock topped out at $8.17 for the day. The stock traded down to $7.75 during the day, due to lack of any buying support eventually closed down at $7.80 with a loss of -4.18% for the day. The stock had closed at $8.14 on the previous day. The total traded volume was 2,726,497 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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