Ascena Retail Group (NASDAQ:ASNA) released its quarterly earnings results on Thursday. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01), Briefing.com reports. Ascena Retail Group had a negative return on equity of 1.70% and a negative net margin of 0.61%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned ($0.12) EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Ascena Retail Group updated its Q3 2019 guidance to $-0.45–0.35 EPS.
ASNA stock opened at $1.89 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.45 and a current ratio of 1.28. Ascena Retail Group has a 52 week low of $1.77 and a 52 week high of $5.28. The stock has a market cap of $400.80 million, a price-to-earnings ratio of -94.50 and a beta of 1.44.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASNA. Magnus Financial Group LLC purchased a new position in shares of Ascena Retail Group in the fourth quarter worth approximately $60,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Ascena Retail Group in the fourth quarter worth approximately $66,000. NumerixS Investment Technologies Inc purchased a new position in shares of Ascena Retail Group in the fourth quarter worth approximately $100,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Ascena Retail Group in the fourth quarter worth approximately $125,000. Finally, Virtu Financial LLC purchased a new position in shares of Ascena Retail Group in the third quarter worth approximately $134,000. Institutional investors and hedge funds own 99.29% of the company’s stock.
Ascena Retail Group Company Profile
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
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