Ascena Retail Group, Inc

The stock shows a Short Ratio of 9.46 with the total number of Shares Short (Previous Month) of 46.26 Million. Its book value per share for the most recent quarter is $4.27 while its price to book ratio for the same period is 0.53, as for as the company's cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. Based on an average daily volume of 4,233,714 shares, the days-to-cover ratio is presently 11.8 days. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Ascena Retail Group during the first quarter worth approximately $181,000. Highbridge Capital Management LLC boosted its stake in shares of Ascena Retail Group by 13,454.5% in the fourth quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer's stock valued at $169,000 after buying an additional 2,595 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Ascena Retail Group during the fourth quarter worth approximately $165,000. Louisiana State Employees Retirement System boosted its stake in shares of Ascena Retail Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer's stock worth $294,000 after buying an additional 900 shares in the last quarter. The institutional investor owned 187,368 shares of the specialty retailer's stock after buying an additional 6,888 shares during the period.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Royal Bank Of Canada set a $5.00 target price on shares of Ascena Retail Group and gave the stock a "hold" rating in a research report on Monday, June 12th. Cowen and Company reissued a "market perform" rating and set a $2.00 price objective (down previously from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. Zacks Investment Research cut shares of Ascena Retail Group from a "hold" rating to a "sell" rating in a research note on Friday, June 9th. ValuEngine downgraded shares of Ascena Retail Group from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. The stock has an average rating of "Hold" and a consensus target price of $4.50.

Ascena Retail Group (NASDAQ:ASNA) opened at 2.21 on Friday.

Ascena Retail Grp Cmn (NASDAQ:ASNA) 52-week high price stands at $9.11 and low price stands at $1.65, its price distance from 52-week high is -75.21% while its distance from 52-week low price is 36.97%. The company's market capitalization is $424.10 million. We have seen the price to move -2.21% lower and get settled at $2.21 on Jul. 14, 2017.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion.

Stock market analysts watching Ascena Retail Group, Inc. The company's revenue for the quarter was down 6.2% on a year-over-year basis. Next quarter's EPS is forecasted at $0.21 and the next full year EPS is projected to be $0.24. Comerica Bank owned 0.10% of Ascena Retail Group worth $755,000 at the end of the most recent reporting period.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this article on another site, it was copied illegally and republished in violation of global trademark & copyright law.

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls.