Oppenheimer downgraded Ascena Retail Group (NASDAQ:ASNA) from Outperform to Market Perform in a statement released earlier today.
- Updated: September 19, 2016
Just yesterday Ascena Retail Group (NASDAQ:ASNA) traded 1.88% higher at $8.12. The company’s 50-day average is $8.03 and its 200-day moving average is $8.34. With the last stock close down 2.59% relative to the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. 5,377,709 shares of the stock traded hands, up from ann average volume of 2,323,420.
Oppenheimer has downgraded Ascena Retail Group(NASDAQ:ASNA) from Outperform to Market Perform in a report released 9/20/2016.
Previously on 6/1/2016, FBR Capital released a statement on Ascena Retail Group(NASDAQ:ASNA) lowered the target price from $18.00 to $15.00 that indicated a possible upside of 1.12%.
Recent Performance Graphic:
In addition to Oppenheimer reporting it’s target price, a total of 12 brokers have released a ratings update on the stock. The one year target price is $11.58 with four analysts rating the company a strong buy, four analysts rating the stock a buy, five firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 firms rating the stock as sell.
With a total market value of $0.0, Ascena Retail Group has a PE of 0 with a one-year low of $6.33 and a one-year high of $14.76.
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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