A statement released earlier today by RBC Capital about Ascena Retail Group (NASDAQ:ASNA) bumps down the target price to $7.00
- Updated: September 19, 2016
Displaying a price of $8.12, Ascena Retail Group (NASDAQ:ASNA) traded 1.88% higher on the day. With the last stock close down 2.59% from the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $8.03 and 200-day average of $8.34. Trade volume was was up over the average, with 5,377,709 shares of ASNA changing hands over the typical 2,323,420 shares.
Stating a possible downside of -0.14%, RBC Capital lowered the price target of Ascena Retail Group (NASDAQ:ASNA) to $7
Previously on 6/01/2016, FBR Capital released a statement on Ascena Retail Group(NASDAQ:ASNA) dropped the target price from $18.00 to $15.00. At the time, this suggested an upside of 1.12%.
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Also covering Ascena Retail Group’s stock price target, a total of 12 brokers have issued a research note on ASNA. The 12-month target price is $11.58 with four analysts rating the stock a strong buy, four analysts rating the company a buy, five firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 firms rating the stock as sell.
With a market cap of $0.0, Ascena Retail Group has a 52 week low of $6.33 and a one-year high of $14.76 with a price-earnings ratio of 0.
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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