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Ascena Retail Group Inc (NASDAQ:ASNA) target price lowered to $7.00, reported today by FBR & Co

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

On 6/01/2016, FBR Capital reported on Ascena Retail Group Inc(NASDAQ:ASNA) lowered the target price from $18.00 to $15.00 that suggested an upside of 1.12%.

Just yesterday Ascena Retail Group Inc (NASDAQ:ASNA) traded 1.88% higher at $8.12. The company’s 50-day average is $8.03 and its two hundred day moving average is $8.34. The last close is down 2.59% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. 5,377,709 shares of Ascena Retail Group Inc exchanged hands, up from ann average volume of 2,323,420.

Recent Performance Graph:

Ascena Retail Group Inc (NASDAQ:ASNA)

With a market cap of $0.0, Ascena Retail Group Inc has a one-year low of $6.33 and a one-year high of $14.76 with a P/E ratio of 0.

A total of 12 brokers have issued a report on the stock. Four analysts rate the stock a strong buy, four analysts rate the company a buy, five firms rate the stock a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the stock as sell with an average target stock price of $11.58

About Ascena Retail Group Inc (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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