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

Ascena Retail Group's stock was trading at $1.83 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ASNA stock has decreased by 36.1% and is now trading at $1.17. View which stocks have been mosted impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ascena Retail Group in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Ascena Retail Group.

Ascena Retail Group is scheduled to release its next quarterly earnings announcement on Monday, June 8th 2020. View our earnings forecast for Ascena Retail Group.

Ascena Retail Group Inc (NASDAQ:ASNA) posted its earnings results on Monday, March, 9th. The specialty retailer reported ($4.95) earnings per share for the quarter, missing analysts' consensus estimates of ($3.80) by $1.15. The specialty retailer had revenue of $1.22 billion for the quarter. Ascena Retail Group had a negative return on equity of 39.78% and a negative net margin of 12.64%. View Ascena Retail Group's earnings history.

Ascena Retail Group shares reverse split before market open on Thursday, December 19th 2019. The 1-20 reverse split was announced on Thursday, December 19th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, December 18th 2019. An investor that had 100 shares of Ascena Retail Group stock prior to the reverse split would have 5 shares after the split.

Ascena Retail Group issued an update on its third quarter 2020 After-Hours earnings guidance on Monday, March, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.05-1.08 billion.

3 brokers have issued 12 month target prices for Ascena Retail Group's shares. Their forecasts range from $20.00 to $21.00. On average, they expect Ascena Retail Group's stock price to reach $20.33 in the next twelve months. This suggests a possible upside of 1,637.9% from the stock's current price. View analysts' price targets for Ascena Retail Group.

News articles about ASNA stock have been trending very negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Ascena Retail Group earned a news impact score of -3.3 on InfoTrie's scale. They also assigned headlines about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutAscena Retail Group.

Ascena Retail Group saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,174,000 shares, an increase of 15.0% from the February 27th total of 2,760,000 shares. Based on an average daily trading volume, of 528,200 shares, the short-interest ratio is currently 6.0 days. Approximately 36.2% of the shares of the company are sold short. View Ascena Retail Group's Current Options Chain.

Some companies that are related to Ascena Retail Group include TJX Companies (TJX), Ross Stores (ROST), GAP (GPS), Foot Locker (FL), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Buckle (BKE), Abercrombie & Fitch (ANF), Zumiez (ZUMZ), Guess? (GES), Designer Brands (DBI), Shoe Carnival (SCVL), Childrens Place (PLCE), Cato (CATO) and Caleres (CAL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ascena Retail Group investors own include General Electric (GE), Rite Aid (RAD), Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), Under Armour (UAA), NVIDIA (NVDA), Ford Motor (F), Kohl's (KSS), Verizon Communications (VZ) and Cisco Systems (CSCO).

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

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, Robinhood, Fidelity, and Charles Schwab.

One share of ASNA stock can currently be purchased for approximately $1.17.

Ascena Retail Group has a market capitalization of $11.69 million and generates $5.49 billion in revenue each year. Ascena Retail Group employs 53,000 workers across the globe. View additional information about Ascena Retail Group.

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]