Ascena Retail Group (ASNA) has risen sharply, recording gains of 6.52% in the past 4 weeks. However, the stock has corrected -3.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 6.91% and the fifty day Moving Average is 12.55%. Ascena Retail Group Inc. is up 21.29% in the last three month period. Year-to-Date the stock performance stands at -12.08%.
Ascena Retail Group (ASNA) : 7 Wall Street analysts covering Ascena Retail Group (ASNA) believe that the average level the stock could reach for the short term is $12.29. The maximum price target given is $17 and the minimum target for short term is around $8, hence the standard deviation is calculated at $3.2.
Ascena Retail Group (NASDAQ:ASNA): On Fridays trading session , Opening price of the stock was $8.81 with an intraday high of $8.885. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.57. However, the stock managed to close at $8.66, a loss of 1.25% for the day. On the previous day, the stock had closed at $8.77. The total traded volume of the day was 2,775,757 shares.
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.