NASDAQ:ASNA - Ascena Retail Group Stock Price, News, & Analysis

Ascena Retail Group trades on the NASDAQ under the ticker symbol "ASNA."

Ascena Retail Group Inc (NASDAQ:ASNA) released its quarterly earnings results on Thursday, March, 14th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.25) by $0.01. The specialty retailer had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.71 billion. Ascena Retail Group had a negative return on equity of 5.27% and a negative net margin of 1.11%. Ascena Retail Group's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) earnings per share. View Ascena Retail Group's Earnings History.

Ascena Retail Group is scheduled to release their next quarterly earnings announcement on Monday, June 3rd 2019. View Earnings Estimates for Ascena Retail Group.

Ascena Retail Group updated its third quarter 2019 earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of $-0.45--0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.02. The company issued revenue guidance of $1.43-1.46 billion, compared to the consensus revenue estimate of $1.52 billion.

4 analysts have issued 1-year price objectives for Ascena Retail Group's stock. Their forecasts range from $1.05 to $4.50. On average, they expect Ascena Retail Group's stock price to reach $3.1833 in the next twelve months. This suggests a possible upside of 179.2% from the stock's current price. View Analyst Price Targets for Ascena Retail Group.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ascena Retail Group in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ascena Retail Group.

News stories about ASNA stock have been trending positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ascena Retail Group earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave media headlines about the specialty retailer a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Ascena Retail Group saw a increase in short interest in March. As of March 29th, there was short interest totalling 54,082,789 shares, an increase of 8.8% from the March 15th total of 49,705,215 shares. Based on an average daily volume of 5,984,519 shares, the short-interest ratio is presently 9.0 days. Currently, 34.4% of the shares of the company are short sold. View Ascena Retail Group's Current Options Chain.

Some companies that are related to Ascena Retail Group include Zumiez (ZUMZ), Duluth (DLTH), Tailored Brands (TLRD), Tilly's (TLYS), Citi Trends (CTRN), Express (EXPR), Vince (VNCE), Francesca's (FRAN), Almost Never Films (HLWD), Crailar Technologies (CRLRQ) and A�ropostale (AROPQ).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ascena Retail Group investors own include General Electric (GE), Rite Aid (RAD), American Eagle Outfitters (AEO), Micron Technology (MU), NVIDIA (NVDA), Abercrombie & Fitch (ANF), Under Armour (UAA), Cisco Systems (CSCO), Intel (INTC) and Netflix (NFLX).

Ascena Retail Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include ICM Asset Management Inc. WA (0.94%) and FNY Investment Advisers LLC (0.11%). Company insiders that own Ascena Retail Group stock include John E Pershing and Krill Katherine Lawther. View Institutional Ownership Trends for Ascena Retail Group.

ASNA stock was acquired by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC and ICM Asset Management Inc. WA. View Insider Buying and Selling for Ascena Retail Group.

Shares of ASNA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ASNA stock can currently be purchased for approximately $1.14.

Ascena Retail Group has a market capitalization of $225.23 million and generates $6.58 billion in revenue each year. The specialty retailer earns $-39,700,000.00 in net income (profit) each year or ($0.02) on an earnings per share basis. Ascena Retail Group employs 63,000 workers across the globe.

The official website for Ascena Retail Group is http://www.ascenaretail.com.

Ascena Retail Group's mailing address is 933 MacArthur Boulevard, Mahwah NJ, 07430. The specialty retailer can be reached via phone at 551-777-6700 or via email at [email protected]