Ascena Retail Group (ASNA) has risen sharply, recording gains of 5.94% in the past 4 weeks. However, the stock has corrected -5.66% 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 3.37% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Ascena Retail Group (NASDAQ:ASNA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.38 and $7.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.67, notching a gain of 5.07% for the day. The total traded volume was 2,360,191 . The stock had closed at $7.30 on the previous day.
The stock has recorded a 20-day Moving Average of 1.89% and the 50-Day Moving Average is 3.86%. Ascena Retail Group Inc. has dropped 6.35% during the last 3-month period . Year-to-Date the stock performance stands at -22.13%.
Ascena Retail Group (ASNA) : The consensus price target for Ascena Retail Group (ASNA) is $12.43 for the short term with a standard deviation of $3.31. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $8.
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.