Ascena Retail Group (ASNA) has been under a strong bear grip, hence the stock is down -9.11% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.59% in the past 1 week. The stock has risen by 5.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.95% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.89% and the 50-Day Moving Average is 0.18%.The 200 Day SMA reached 6.31% Ascena Retail Group Inc. is up 9.48% in the last 3-month period. Year-to-Date the stock performance stands at -19.09%.
Ascena Retail Group (ASNA) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $8. The average forecast of all the analysts is $12.29 and the expected standard deviation is $3.2.
For the current week, the company shares have a recommendation consensus of Buy. Ascena Retail Group (NASDAQ:ASNA): The stock opened at $7.82 and touched an intraday high of $8.335 on Friday. During the day, the stock corrected to an intraday low of $7.8, however, the bulls stepped in and pushed the price higher to close in the green at $7.97 with a gain of 1.92% for the day. The total traded volume for the day was 3,557,416. The stock had closed at $7.97 in the previous trading session.
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.