A statement released earlier today by Citigroup about Ascena Retail Group (NASDAQ:ASNA) bumps down the target price to $7.00
- Updated: September 19, 2016
Ascena Retail Group (NASDAQ:ASNA) had its price target bumped down to $7 by Citigroup in a report released 9/20/2016. The updated target price suggests a possible downside of -0.14% based on the bussiness’ most recent closing price.
On 6/1/2016, FBR Capital released a statement for Ascena Retail Group(NASDAQ:ASNA) dropped the target price from $18.00 to $15.00. At the time, this indicated a possible upside of 1.12%.
Having a price of $8.12, Ascena Retail Group (NASDAQ:ASNA) traded 1.88% higher on the day. With the last stock price down 2.59% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. ASNA has registered a 50-day moving average of $8.03 and 200-day moving average of $8.34. 5,377,709 shares of the stock traded, up from ann average trading volume of 2,323,420
Ascena Retail Group has a one-year low of $6.33 and a 52 week high of $14.76 and has a market capitalization of $0.0.
A total of 12 brokers have released a report on Ascena Retail Group. Four analysts rate the stock a strong buy, four analysts rate the company a buy, five firms rate the company a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the stock as sell with a consensus target of $11.58
General Information About Ascena Retail Group (NASDAQ:ASNA)
Ascena Retail Group, Inc. is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment consists of specialty retail, outlet and e-commerce operations of Ann Taylor and LOFT brands. The Justice merchandise mix includes apparel, accessories, footwear, intimates and lifestyle products. The Lane Bryant segment offers apparel, including intimate apparel, wear-to-work and casual sportswear, accessories, select footwear and social occasion apparel. The maurices brand caters customers in ages between over 20 and 30, and including core and plus-size offerings. The dressbarn brand caters female consumers in ages between approximately 30 and 50. Catherines offers apparel and accessories for wear-to-work and casual lifestyles.
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