Ascena Retail Group (ASNA) Announces Quarterly Results

Ascena Retail Group (NASDAQ: ASNA) released its earnings data on Wednesday. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.04, AnalystRatingsNetwork reports. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 45.8% on a year-over-year basis. Ascena Retail Group updated its FY13 guidance to $1.10-1.15 EPS.

Several analysts have also recently commented on the stock. Analysts at Piper Jaffray cut their price target on shares of Ascena Retail Group from $26.00 to $25.00 in a research note to investors on Monday, May 20th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Goldman Sachs initiated coverage on shares of Ascena Retail Group in a research note to investors on Friday, March 22nd. They set a “neutral” rating and a $20.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Ascena Retail Group from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, March 13th. They now have a $19.50 price target on the stock.

Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.58.

Ascena Retail Group (NASDAQ: ASNA) opened at 19.86 on Thursday. Ascena Retail Group has a 1-year low of $15.95 and a 1-year high of $22.18. The stock’s 50-day moving average is currently $18.54. The company has a market cap of $3.110 billion and a price-to-earnings ratio of 22.49.

Ascena Retail Group, Inc. (NASDAQ: ASNA), formerly The Dress Barn, Inc.

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