RBC Capital Markets downgraded Ascena Retail Group (NASDAQ:ASNA) from Outperform to Sector Perform in a report released today.
- Updated: September 19, 2016
RBC Capital Markets has downgraded Ascena Retail Group(NASDAQ:ASNA) from Outperform to Sector Perform in a statement released on Tuesday September 20 2016.
On 6/01/2016, FBR Capital released a statement about Ascena Retail Group(NASDAQ:ASNA) dropped the target price from $18.00 to $15.00 that indicated a possible upside of 1.12%.
Only yesterday Ascena Retail Group (NASDAQ:ASNA) traded 1.88% higher at $8.12. ASNA’s 50-day moving average is $8.03 and its 200-day average is $8.34. The last stock close is down 2.59% from the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. Trading volume was up over the average, with 5,377,709 shares of ASNA changing hands over the typical 2,323,420 shares..
Ascena Retail Group has a 52 week low of $6.33 and a 52 week high of $14.76 . The company’s market cap is currently $0.0.
A total of 12 brokerages have released a report on the stock. Four firms rate the company a strong buy, four firms rate the stock a buy, five analyts rate the company a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the stock as sell with a consensus target price of $11.58
More 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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