News stories about Ascena Retail Group (NASDAQ:ASNA) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ascena Retail Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 46.1237891641077 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
A number of research firms have recently issued reports on ASNA. Royal Bank Of Canada set a $5.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a research report on Saturday, May 13th. Telsey Advisory Group lowered their price objective on Ascena Retail Group from $6.00 to $3.00 and set a “market perform” rating on the stock in a research report on Thursday, May 18th. BidaskClub upgraded Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company restated a “market perform” rating and set a $2.00 price objective (down from $6.00) on shares of Ascena Retail Group in a research report on Sunday, June 11th. Finally, Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.50.
Shares of Ascena Retail Group (NASDAQ ASNA) traded down 5.68% during mid-day trading on Monday, reaching $2.41. The company had a trading volume of 1,639,079 shares. The firm’s 50 day moving average is $2.16 and its 200-day moving average is $3.45. The stock’s market capitalization is $462.48 million. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $9.11.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Thursday, June 8th. The specialty retailer reported $0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.05. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company earned $0.15 EPS. The company’s revenue was down 6.2% on a year-over-year basis. On average, analysts expect that Ascena Retail Group will post $0.13 earnings per share for the current fiscal year.
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Ascena Retail Group Company Profile
Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.
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