The stock of Ascena Retail Group Inc (NASDAQ:ASNA) hit a new 52-week low and has $4.77 target or 7.00% below today’s $5.13 share price. The 7 months bearish chart indicates high risk for the $998.23 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $4.77 price target is reached, the company will be worth $69.88M 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 1.51 million shares traded hands. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 49.66% since March 14, 2016 and is downtrending. It has underperformed by 55.27% 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. Ascena Retail Group has been the topic of 17 analyst reports since September 24, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained Ascena Retail Group Inc (NASDAQ:ASNA) rating on Wednesday, December 2. Piper Jaffray has “Overweight” rating and $18.0 price target. As per Tuesday, January 12, the company rating was maintained by Telsey Advisory Group. The rating was initiated by Citigroup on Wednesday, October 7 with “Neutral”. The rating was downgraded by RBC Capital Markets on Tuesday, September 20 to “Sector Perform”. RBC Capital Markets maintained Ascena Retail Group Inc (NASDAQ:ASNA) rating on Friday, January 15. RBC Capital Markets has “Outperform” rating and $15.0 price target. As per Tuesday, September 20, the company rating was maintained by Citigroup. The firm earned “Market Perform” rating on Wednesday, June 1 by Telsey Advisory Group. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) has “Outperform” rating given on Monday, January 18 by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, February 11 by Goldman Sachs. The firm has “Outperform” rating by FBR Capital given on Wednesday, June 1.
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 2016 Q2. Its up 0.18, from 1.03 in 2016Q1. The ratio is positive, 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.
Raymond James And Associate has 33,918 shares for 0% of their US portfolio. The Manitoba – Canada-based Great West Life Assurance Company Can has invested 0% in Ascena Retail Group Inc (NASDAQ:ASNA). Whittier Trust accumulated 237 shares or 0% of the stock. Metropolitan Life Ins Ny holds 275,529 shares or 0.01% of its portfolio. Parkside Retail Bank Tru holds 0.01% or 3,032 shares in its portfolio. Arcadia Investment Corporation Mi holds 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA) for 4,150 shares. Blackrock Fund Advsr holds 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA) for 8.56M shares. Icm Asset Mgmt Inc Wa last reported 1.6% of its portfolio in the stock. Price T Rowe Assoc Inc Md last reported 50,949 shares in the company. Alliancebernstein Limited Partnership, a New York-based fund reported 271,758 shares. Oxford Asset Mngmt last reported 298,134 shares in the company. Hsbc Pcl owns 108,624 shares or 0% of their US portfolio. Parallax Volatility Advisers Limited Partnership has 0% invested in the company for 146,970 shares. Ubs Asset Mgmt Americas Incorporated last reported 0% of its portfolio in the stock. Nuveen Asset Mngmt Ltd accumulated 0% or 95,110 shares.
Insider Transactions: Since June 2, 2016, the stock had 1 buy, and 1 sale for $29,170 net activity. 5,000 shares were bought by Giammatteo Robert, worth $35,910 on Thursday, June 2. JAFFE ELLIOT S had sold 1,190 shares worth $6,740 on Friday, September 23.
More news for Ascena Retail Group Inc (NASDAQ:ASNA) were recently published by: Fool.com, which released: “Why Ascena Retail Group Inc. Stock Plunged Today” on September 20, 2016. Finance.Yahoo.com‘s article titled: “ascena retail group, inc. Announces ‘Change for Growth’ Profit Enhancement …” and published on October 04, 2016 is yet another important article.
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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