Could Ascena Retail Group Incorporated (NASDAQ:ASNA) Change Direction After More Shorts?

(NASDAQ:ASNA) in a report issued on Sunday, June 11th. In contrast, ASNA's 52 week high hovers at $9.11 with its current distance from 52 week high value is -74.99%.

Some buy side analysts are also providing their Analysis on Ascena Retail Group Inc., where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 9 said it's a HOLD, 0 reported it as Underperform and 1 analysts rated the stock as Sell. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Ascena Retail Group in a report on Monday, March 6th.

Taking a broader look at the analyst consensus, according to 6 analysts Ascena Retail Grp Cmn (NASDAQ:ASNA)'s price will reach at $3.08 during 52 weeks. Comparatively, Ascena Retail Group Inc. posted earnings of $0 per share in the same quarter a year ago. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) earned "Neutral" rating by Citigroup on Tuesday, September 20.

Among 7 analysts covering Ascena Retail Group (NASDAQ:ASNA), 1 have Buy rating, 1 Sell and 5 Hold. Analysts' mean recommendation on this stock is 3.20 and has been given an average price target of $3.92.

Ascena Retail Group (NASDAQ ASNA) traded down 3.54% during midday trading on Friday, reaching $2.18. The company saw 0.26 million shares trade hands over the course of the day. The Market Capitalization of the company stands at 470.87 Million.

Alun Wyn to captain Lions against Crusaders
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In terms of Ascena Retail Group, Inc. The company has a 50 day moving average of $2.65 and a 200 day moving average of $4.51. Great West Life Assurance Can stated it has 0% in Ascena Retail Group Inc (NASDAQ:ASNA). The specialty retailer reported $0.05 EPS for the quarter, hitting the Zacks' consensus estimate of $0.05. Piper Jaffray maintained Ascena Retail Group Inc (NASDAQ:ASNA) on Wednesday, December 2 with "Overweight" rating. Over the past year Company's shares have been trading in the range of $4.03 and $6.78. During the same quarter in the prior year, the company posted $0.15 earnings per share. On average, equities research analysts anticipate that Ascena Retail Group will post $0.12 EPS for the current fiscal year.

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The number of shares now held by investors is 191.73 Million. Bayesian Capital Management LP acquired a new position in Ascena Retail Group during the fourth quarter valued at approximately $518,000. New York State Teachers Retirement System boosted its position in Ascena Retail Group by 22.2% in the fourth quarter. Guggenheim Capital LLC boosted its position in Ascena Retail Group by 200.5% in the fourth quarter. Finally, Wells Fargo & Company MN boosted its position in Ascena Retail Group by 11.4% in the third quarter. Finally, Highbridge Capital Management LLC increased its stake in Ascena Retail Group by 13,454.5% in the fourth quarter. Comerica Bank now owns 180,480 shares of the specialty retailer's stock worth $978,000 after buying an additional 64,834 shares in the last quarter. Moreover, Blackrock Institutional Tru Na has 0% invested in Ascena Retail Group Inc (NASDAQ:ASNA) for 4.42 million shares.

KeyBanc "Downgrades" Ascena Retail Grp Cmn (NASDAQ:ASNA) in a research note issued to investors on 3/21/17 to Sector Weight with price target of $0. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines.

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