Trading Report: Today, Ascena Retail Group Inc. (ASNA) Set to Announce Earnings on Thursday

Today, Ascena Retail Group Inc. (ASNA) Set to Announce Earnings on Thursday

Ascena Retail Group Inc. (NASDAQ:ASNA) will release its Q117 earnings data on Thursday, December 1st. Analysts expect Ascena Retail Group to post earnings of $0.20 per share and revenue of $1.72 billion for the quarter. Ascena Retail Group has set its FY17 guidance at $0.60-0.65 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. Ascena Retail Group had a positive return on equity of 6.18% and a negative net margin of 0.17%. The firm had revenue of $1.81 billion for the quarter. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 54.9% compared to the same quarter last year. On average, analysts expect Ascena Retail Group to post $0.61 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.

Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) opened at 6.40 on Tuesday. Ascena Retail Group Inc. has a 52-week low of $4.68 and a 52-week high of $12.85. The company’s 50-day moving average price is $5.51 and its 200-day moving average price is $6.88. The firm’s market capitalization is $1.23 billion.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its position in Ascena Retail Group by 66.6% in the third quarter. Ameritas Investment Partners Inc. now owns 67,065 shares of the company’s stock valued at $375,000 after buying an additional 26,809 shares in the last quarter. Verition Fund Management LLC bought a new position in Ascena Retail Group during the third quarter valued at $171,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Ascena Retail Group by 23.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,544 shares of the company’s stock valued at $674,000 after buying an additional 22,900 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Ascena Retail Group by 107.7% in the third quarter. Panagora Asset Management Inc. now owns 246,411 shares of the company’s stock valued at $1,377,000 after buying an additional 127,768 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in Ascena Retail Group by 437.5% in the third quarter. Gotham Asset Management LLC now owns 306,587 shares of the company’s stock valued at $1,714,000 after buying an additional 249,546 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

ASNA has been the subject of a number of recent research reports. Telsey Advisory Group reduced their price objective on shares of Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, September 20th. Zacks Investment Research downgraded shares of Ascena Retail Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 21st. FBR & Co restated a “hold” rating and set a $7.00 price objective on shares of Ascena Retail Group in a research note on Thursday, October 6th. Cowen and Company reduced their price objective on shares of Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, September 20th. Finally, Citigroup Inc. reduced their price objective on shares of Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, September 20th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.80.

Ascena Retail Group Company Profile

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