Ascena Retail Group adds two to board

Net loss in the quarter narrowed to $0.9 million or 4 cents per diluted share from $1.8 million or 9 cents in the same quarter past year. For the current year the company's revenue estimates are $6.67 Billion compared to low analyst estimates of $6.5 Billion and high estimates of $6.8 Billion according to the prediction of 9 analysts. The company maintains price to book ratio of 0.19 vs.an industry average at 4.18. Ascena Retail net swung to a loss. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/06/10/analysts-issue-forecasts-for-ascena-retail-group-incs-q3-2017-earnings-asna-updated-updated.html. Ascena Retail Group earned a news impact score of 0.53 on Alpha One's scale. For the last month, company shares are -43.73%. Finally, Guggenheim assumed coverage on Ascena Retail Group in a report on Thursday, March 9th. Nomura Holdings Inc. raised its stake in shares of Ascena Retail Group by 72.5% in the first quarter. The company's revenue for the quarter was down 6.2% on a year-over-year basis. Arizona State Retirement System increased its stake in Ascena Retail Group by 1.3% in the first quarter.

Shares of Ascena Retail Grp Cmn (NASDAQ:ASNA) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 8 while industry rank of the company by ABR is 45 out of 265.

The company recently achieved what it called a "spectacular" year thanks to significant progress on its numerous self-help initiatives. Weighed against the company's market capitalization of only $348 million pre-earnings, that made for an enterprise value to free cash flow ratio of only 2.0. On Thursday, December 15 the stock rating was initiated by Goldman Sachs with "Neutral". Teachers Advisors LLC now owns 305,091 shares of the specialty retailer's stock worth $1,300,000 after buying an additional 11,432 shares during the last quarter. For the last quarter, the stock has performed -47.74%. Norges Bank acquired a new stake in shares of Ascena Retail Group during the fourth quarter worth about $32,459,000. The overall volume in the last trading session was 2.53 million shares. Teachers Advisors LLC raised its stake in shares of Ascena Retail Group by 3.9% in the first quarter. The stock ended last trade at $1.82 a share and the price is up more than -70.68% so far this year. The average analysts gave this company a mean recommendation of 2.00. Ascena Retail Group presently has an average rating of Hold and an average target price of $5.17. NY now owns 117,550 shares of the specialty retailer's stock worth $501,000 after buying an additional 3,217 shares during the period. Wells Fargo & Company MN now owns 8,165,093 shares of the specialty retailer's stock valued at $45,643,000 after buying an additional 837,409 shares in the last quarter. The firm's institutional ownership remained 66.80% while insider ownership included 9.80%. If you are viewing this story on another website, it was copied illegally and reposted in violation of US and global copyright law.

Finally, Oppenheimer Holdings Inc. reiterated a "hold" rating on shares of Ascena Retail Group in a report on Monday, March 6th. The Firm operates through six divisions: 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.