Citigroup disclosed Ascena Retail Group (NASDAQ:ASNA), reducing its target to $7.00 earlier today
- Updated: September 25, 2016
Boasting a price of $5.69, Ascena Retail Group (NASDAQ:ASNA) traded -0.51% lower on the day. With the last stock price close down -28.66% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ascena Retail Group has recorded a 50-day average of $7.82 and a two hundred day average of $8.24. Volume of trade was up over the average, with 3,890,954 shares of ASNA changing hands over the typical 2,996,970
Citigroup bumped down the target of Ascena Retail Group (NASDAQ:ASNA) to $7.00 stating a potential upside of 0.23%.
On Tuesday September 20, 2016, Royal Bank Of Canada released a statement for Ascena Retail Group (NASDAQ:ASNA) bumped down the target price from $12.00 to $7.00 that suggested a downside of -0.14%.
With a total market value of $0, Ascena Retail Group has with a one year low of $5.33 and a one year high of $14.76 .
A total of 12 equity analysts have released a research note on ASNA. Four equity analysts rating the company a strong buy, four equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target 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, 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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