Sun Trust Rbsn Humphrey Upgrades Ascena Retail Group to Buy (ASNA)

By admin | 6 years ago

Ascena Retail Group (NASDAQ: ASNA) was upgraded by equities research analysts at Sun Trust Rbsn Humphrey from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other firms have also recently commented on ASNA. Analysts at SunTrust (NYSE: STI) upgraded shares of Ascena Retail Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Separately, analysts at Avondale Partners raised their price target on shares of Ascena Retail Group from $44.00 to $48.00 in a research note to investors on Monday, March 5th. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Ascena Retail Group from $34.00 to $38.00 in a research note to investors on Monday, February 27th. They now have a “market perform” rating on the stock.

Ascena Retail Group opened at 21.91 on Friday. Ascena Retail Group has a 52-week low of $12.00 and a 52-week high of $22.62. The company has a market cap of $3.334 billion and a price-to-earnings ratio of 18.36.

Ascena Retail Group last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.16. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts predict that Ascena Retail Group will post $0.30 earnings per share next quarter.

Ascena Retail Group, Inc. (Ascena), formerly The Dress Barn, Inc., is a specialty retailer of apparel for women and tween girls, operating under the dressbarn, maurices and Justice brands.

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