Ascena Retail Group, Inc. (NASDAQ:ASNA) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $13.42, up by 0.15%, with a volume of 1,720,290 shares against an average volume for the last 30 days of 1,640,214.
Ascena Retail Group, Inc. (ASNA) reported last earnings figures on December 02nd. The company announced actual earnings per share of $0.28 against the consensus Street estimate of $0.26. This represents a year-on-year decrease of earning per share of $-0.08 from corresponding quarter of last year. Ascena Retail Group, Inc. posted revenue of $1.19 billion versus estimate of $1.09 billion.
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Ascena Retail Group, Inc. (NASDAQ:ASNA) is currently trading 29.77% below its 52-week-high, 27.81% above its 52-week-low and in the range of $10.5-$13.5 over the past month. The 1-year range for the stock is $10.5-$19.11. Ascena Retail Group, Inc. (ASNA) has a price to book ratio of 1.21 versus Nasdaq average of 4.79. The company’s share price has outperformed the Nasdaq year to date by over 3.9%.
The company is currently valued at $2.18 billion and closed the last trading session at $13.42. The stock has 50-day moving average of $12.11 and a 200-day moving average of $14.35.
Ascena Retail Group, Inc. (ASNA) current short interest stands at 7,814,750 shares. It has increased by 10% from the same period of last month. Around 5.9% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 1,640,214 shares, the number of days required to cover the short positions stand at 4.9 days.
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There are currently twelve analysts that we track that cover ASNA. Of those twelve, five have a buy rating, six have a hold rating, and one has a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $14.56 which represents an upside of 8.46% from the last closing price of $13.42.
Recently, several research firms updated their ratings on the stock. Indeed, in the last five days, an average price target of $14.67 has been given to the stock, which represents an upside of 9.29% from the last closing price.
Indeed, SunTrust Robinson Humphrey reiterated their buy stance on March 02nd, with a target price of $16, which represents an upside of 19.23% from the last closing price. Another research firm, Susquehanna Financial Group, maintained their Positive stance on the same day, with a target price of $15, which translates into an upside of 11.77%. Finally, Piper Jaffray maintained their overweight stance on March 02nd, with a target price of $16.
Company Profile
Ascena Retail Group, Inc. is a holding company for a national chain of women’s apparel specialty stores. The Company’s stores operate nationwide and in the District of Columbia.
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