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A statement released earlier today by FBR & Co. about Ascena Retail Group (NASDAQ:ASNA) bumps down the target price to $7.00

FBR & Co. dropped the target price of Ascena Retail Group (NASDAQ:ASNA) to $7, indicating a possible downside of -0.14%.

On 6/01/2016, FBR Capital reported on 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. The last close is down 2.59% from the two hundred day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time. Ascena Retail Group has registered a 50-day average of $8.03 and 200-day moving average of $8.34. 5,377,709 shares of ASNA were exchanged, up from ann average volume of 2,323,420

See Chart Below:

Ascena Retail Group (NASDAQ:ASNA)

Ascena Retail Group has a 52 week low of $6.33 and a one-year high of $14.76 and has a market capitalization of $0.0.

A total of 12 brokers have released a ratings update on the company. Four firms rate the stock a strong buy, four analysts rate the stock a buy, five analyts rate the company a hold, 0 rate the stock to underperform, and finally 0 firmsrate the stock as sell with a one year target stock price of $11.58

Brief Synopsis 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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