The stock of Ascena Retail Group Inc (NASDAQ:ASNA) hit a new 52-week low and has $4.75 target or 9.00% below today’s $5.22 share price. The 7 months bearish chart indicates high risk for the $1.02B company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $4.75 price target is reached, the company will be worth $91.80 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.68M shares traded hands. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 47.65% since March 10, 2016 and is downtrending. It has underperformed by 55.17% the S&P500.
Ascena Retail Group Inc (NASDAQ:ASNA) Ratings Coverage
Out of 7 analysts covering Ascena Retail Group (NASDAQ:ASNA), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. $18.0 is the highest target while $7 is the lowest. The $10.38 average target is 98.85% above today’s ($5.22) stock price. Ascena Retail Group has been the topic of 17 analyst reports since September 24, 2015 according to StockzIntelligence Inc. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) earned “Neutral” rating by Citigroup on Wednesday, October 7. Telsey Advisory Group maintained the shares of ASNA in a report on Tuesday, January 12 with “Market Perform” rating. The company was maintained on Tuesday, September 20 by Citigroup. The firm has “Market Perform” rating given on Tuesday, September 20 by Oppenheimer. On Wednesday, June 1 the stock rating was maintained by FBR Capital with “Outperform”. The company was maintained on Tuesday, September 20 by Telsey Advisory Group. The stock has “Market Perform” rating given by Telsey Advisory Group on Wednesday, June 1. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) earned “Overweight” rating by Piper Jaffray on Wednesday, December 2. The rating was downgraded by FBR Capital on Tuesday, September 20 to “Mkt Perform”. The firm earned “Sector Perform” rating on Tuesday, September 20 by RBC Capital Markets.
According to Zacks Investment Research, “Ascena Retail Group, Inc, formerly known as The Dress Barn, Inc., operates as a national specialty retailer of apparel for women and girls under the Dressbarn, Maurices and Justice brands. Its Dressbarn stores offer casual, career and special occasion fashion apparel and accessories; Maurices stores offer casual and career apparel and accessories; and Justice stores offer trend-right apparel and accessories. Ascena Retail Group, Inc. is based in Suffern, New York.”
Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.18, from 1.03 in 2016Q1. The ratio increased, as 29 funds sold all Ascena Retail Group Inc shares owned while 62 reduced positions. 24 funds bought stakes while 86 increased positions. They now own 173.51 million shares or 2.01% less from 177.06 million shares in 2016Q1.
Citigroup reported 171,645 shares or 0% of all its holdings. Ngam Advsrs L P owns 122,420 shares or 0.01% of their US portfolio. Tyvor Cap Limited Liability Corp reported 296,008 shares or 0.66% of all its holdings. Holt Capital Advisors Limited Liability Co Dba Holt Capital Prtnrs Lp reported 50,730 shares or 0.15% of all its holdings. Segall Bryant Hamill Ltd Liability Corporation holds 108,560 shares or 0.02% of its portfolio. Moreover, Voya Invest Mngmt Ltd Limited Liability Company has 0% invested in Ascena Retail Group Inc (NASDAQ:ASNA) for 71,884 shares. Snyder L P reported 2.08 million shares or 0.95% of all its holdings. Balyasny Asset Mngmt Lc last reported 0% of its portfolio in the stock. Lsv Asset Management holds 0% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA) for 18,200 shares. The Georgia-based Signaturefd Ltd Company has invested 0% in Ascena Retail Group Inc (NASDAQ:ASNA). Price T Rowe Associates Md accumulated 0% or 50,949 shares. Spot Trading last reported 20,261 shares in the company. Walleye Trading Ltd Liability reported 5,620 shares or 0% of all its holdings. The New York-based Quinn Opportunity Prtn Limited Liability has invested 0.06% in Ascena Retail Group Inc (NASDAQ:ASNA). Murphy Michael R holds 1.84M shares or 5.05% of its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 1 buy, and 1 sale for $29,170 net activity. JAFFE ELLIOT S had sold 1,190 shares worth $6,740. $35,910 worth of Ascena Retail Group Inc (NASDAQ:ASNA) shares were bought by Giammatteo Robert.
More notable recent Ascena Retail Group Inc (NASDAQ:ASNA) news were published by: Fool.com which released: “Why Ascena Retail Group Inc. Stock Plunged Today” on September 20, 2016, also Businesswire.com with their article: “ascena retail group, inc. Appoints Linda Yaccarino to Board of Directors” published on October 11, 2016, Businesswire.com published: “ascena retail group, inc. Announces ‘Change for Growth’ Profit Enhancement …” on October 04, 2016. More interesting news about Ascena Retail Group Inc (NASDAQ:ASNA) were released by: Businesswire.com and their article: “ascena retail group, inc. Reports Fourth Quarter and Full Year Fiscal 2016 …” published on September 19, 2016 as well as Bizjournals.com‘s news article titled: “Parent of Justice and Lane Bryant making leadership changes” with publication date: October 07, 2016.
ASNA Company Profile
Ascena Retail Group, Inc., incorporated on July 27, 2010, is a specialty retailer of apparel for women and tween girls. The Firm classifies its businesses into six divisions: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. As of July 30, 2016, the Company operated approximately 4,900 stores in 49 United States’ states, the District of Columbia, Canada and Puerto Rico.
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