Ascena Retail Group (ASNA) : Analyst Rating Update

Ascena Retail Group (ASNA) : Zacks Investment Research ranks Ascena Retail Group (ASNA) as 5, which is a Strong Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.57, which indicates as a Buy.

Ascena Retail Group (ASNA) : The most positive equity analysts on Ascena Retail Group (ASNA) expects the shares to touch $17, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $12.57 with an expected fluctuation of $3.46 from the mean.

Ascena Retail Group (NASDAQ:ASNA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.58 and $6.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.73, notching a gain of 1.36% for the day. The total traded volume was 1,736,316 . The stock had closed at $6.64 on the previous day.

The company shares have dropped -59.34% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $17.59 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $7.12 and the 200 Day Moving Average price is recorded at $8.53.

Ascena Retail Group, Inc. is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment consists of specialty retail, outlet and e-commerce operations of Ann Taylor and LOFT brands. The Justice merchandise mix includes apparel, accessories, footwear, intimates and lifestyle products. The Lane Bryant segment offers apparel, including intimate apparel, wear-to-work and casual sportswear, accessories, select footwear and social occasion apparel. The maurices brand caters customers in ages between over 20 and 30, including core and plus-size offerings. The dressbarn brand caters female consumers in ages between approximately 30 and 50. Catherines offers apparel and accessories for wear-to-work and casual lifestyles.

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