Revenue Update on Ascena Retail Group Inc(NASDAQ:ASNA)

Ascena Retail Group Inc(NASDAQ:ASNA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 19, 2016. Company reported revenue of $1.73B. Analysts estimated a revenue of $1.77B. Earnings per share were $0.08. Analysts had estimated an EPS of $0.17.

In a different note, On Sep 21, 2016, Citigroup said it Maintains its rating on Ascena Retail Group Inc. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Neutral’ by the firm.

Ascena Retail Group Inc (ASNA) made into the market gainers list on Thursdays trading session with the shares advancing 6.10% or 0.34 points. Due to strong positive momentum, the stock ended at $5.91, which is also near the day’s high of $5.92. The stock began the session at $5.65 and the volume stood at 56,24,920 shares. The 52-week high of the shares is $14.76 and the 52 week low is $5.33. The company has a current market capitalization of $1,148 M and it has 19,42,13,930 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Robert Giammatteo (CFO) purchased 5,000 shares at $7.18 per share price.Also, On Apr 7, 2016, Katie J Bayne (director) purchased 4,000 shares at $10.12 per share price.On Mar 16, 2016, Catherine Elizabeth Buggeln (director) purchased 5,000 shares at $10.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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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