Ann Taylor parent Ascena shares drop 21% after 'fashion missteps' sink earnings


Slate Path Capital Lp, a New York-based fund reported 3.10 million shares. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.03) by $0.08. The company holds 194.32 million outstanding shares and 171.40 million shares are floating in market.

Zacks' EPS averages are a mean average based on a survey of sell-side analysts that follow Ascena Retail Group. Connor Clark & Lunn Investment Ltd invested in 0.01% or 486,671 shares. (GNC), recently, we noticed that its shares were trading at regions closer to $5.26. Harvest Cap Strategies Ltd Liability Company owns 12.06M shares for 3.09% of their portfolio. Finally, KeyCorp reaffirmed a "hold" rating on shares of Ascena Retail Group in a report on Wednesday, October 11th.

Consequently Ascena Retail Grp Cmn (NASDAQ:ASNA)'s weekly and monthly volatility is 6.52%, 5.79% respectively. FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the company a "hold" rating in a report on Tuesday, August 15th. (NASDAQ:ASNA) on Wednesday, June 1 with "Outperform" rating. Ascena Retail Group, Inc. (NASDAQ:ASNA). Blackrock Incorporated reported 20.80M shares stake. (NASDAQ:ASNA). Bancorp Of Montreal Can holds 0% or 2,942 shares in its portfolio. The Value Composite Two of Ascena Retail Group, Inc. Invesco Ltd reported 34.63 million shares. Pnc Fincl Svcs Inc invested 0% in Ascena Retail Group, Inc. Middleton And Com Ma holds 0.22% in Intel Corporation (NASDAQ:INTC) or 31,005 shares. The original version of this article can be accessed at Harvest Capital Strategies Llc bought 11.06M shares as the company's stock declined 59.69% while stock markets rallied. The institutional investor held 12.06 million shares of the consumer services company at the end of 2017Q2, valued at $25.93 million, up from 1.00 million at the end of the previous reported quarter.

Harvest Capital Strategies Llc, which manages about $1.58 billion and $840.39M US Long portfolio, decreased its stake in Nuance Communications Inc (NASDAQ:NUAN) by 347,195 shares to 652,805 shares, valued at $11.37M in 2017Q2, according to the filing. The stock decreased 21.23% or $0.554 during the last trading session, reaching $2.056.

ASNA's average Beneish M-Score: -4.47 during the last 7 years. More interesting news about Ascena Retail Group, Inc. (ASNA)'s average Piotroski F-Score: 4 during the last 7 years.

Comparable sales slipped 5% in the period, falling in all seven of the company's brands, and overall revenue declined 5.5% to $1.59 billion, which matched estimates. It also reduced its holding in Conduent Inc by 216,974 shares in the quarter, leaving it with 250,000 shares, and cut its stake in Grand Canyon Education Inc (NASDAQ:LOPE).

Analysts await Ascena Retail Group, Inc. Ascena Retail Group, Inc.'s beta is 1.92 whilst the stock has an average true range (ATR) of 0.13. "Announces Fiscal 2018 First Quarter Financial ..." published on November 27, 2017, published: "ascena retail group Honored as a Corporate Game Changer by Women's Forum of ..." on November 14, 2017. FBR Capital downgraded Ascena Retail Group, Inc.

TRADEMARK VIOLATION WARNING: "Ascena Retail Group (ASNA) Issues Earnings Results, Meets Expectations" was originally reported by StockNewsTimes and is owned by of StockNewsTimes.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Ascena Retail Grp Cmn (NASDAQ:ASNA) high price target of $3 and with a conservative view have low price target of $1.5. Therefore 11% are positive. The stock has "Market Perform" rating by Telsey Advisory Group on Tuesday, September 20. The Quebec - Canada-based Sector Pension Invest Board has invested 0% in Ascena Retail Group, Inc. The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, January 19. The firm has "Hold" rating given on Thursday, November 16 by KeyBanc Capital Markets. Along with these its last twelve month performance is stands at -62.77% while moved 47.46% for the past six months according to Finviz reported data. As per Friday, January 22, the company rating was upgraded by Stephens. First Tru Advsr Limited Partnership accumulated 0% or 490,653 shares. RBC Capital Markets maintained the shares of SIGI in report on Friday, October 30 with "Outperform" rating.

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