B.Riley FBR analyst Susan Anderson maintained a Hold rating on Ascena Retail Group (NASDAQ: ASNA) today and set a price target of $4.50. The company’s shares opened today at $4.84, close to its 52-week high of $4.95.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 7.4% and a 57.5% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Children’s Place.
Currently, the analyst consensus on Ascena Retail Group is a Hold with an average price target of $4.50.
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Based on Ascena Retail Group’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $40.2 million. In comparison, last year the company had a GAAP net loss of $15.8 million.
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Ascena Retail Group, Inc. engages in the retail of clothing, shoes, and accessories stores for women. It operates through the following segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. The Premium Fashion segment consists of Ann Taylor and LOFT brands. The Value Fashion segment refers to Maurices and Dressbarn brands.
