Brokerage Firm Rating Update on Ascena Retail Group (ASNA)

Ascena Retail Group (ASNA) : Zacks Investment Research ranks Ascena Retail Group (ASNA) as 3, which is a Hold 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 consensus price target for Ascena Retail Group (ASNA) is $12.29 for the short term with a standard deviation of $3.2. 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.


For the current week, the company shares have a recommendation consensus of Buy.

Ascena Retail Group (NASDAQ:ASNA): The stock opened at $7.65 and touched an intraday high of $7.81 on Wednesday. During the day, the stock corrected to an intraday low of $7.53, however, the bulls stepped in and pushed the price higher to close in the green at $7.81 with a gain of 2.36% for the day. The total traded volume for the day was 2,449,703. The stock had closed at $7.63 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.