Ascena Retail Group (ASNA) Earns Media Sentiment Rating of 0.15

Media headlines about Ascena Retail Group (NASDAQ:ASNA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ascena Retail Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 46.0895197709404 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Shares of Ascena Retail Group (NASDAQ ASNA) traded up 0.46% during midday trading on Friday, hitting $2.19. The stock had a trading volume of 2,064,460 shares. The firm’s market cap is $420.26 million. The firm has a 50-day moving average of $2.23 and a 200 day moving average of $3.34. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $9.12.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Thursday, June 8th. The specialty retailer reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Ascena Retail Group had a negative net margin of 65.86% and a negative return on equity of 307.11%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, analysts expect that Ascena Retail Group will post $0.13 earnings per share for the current year.

A number of brokerages have recently weighed in on ASNA. BidaskClub raised Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada set a $5.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research note on Monday, June 12th. Cowen and Company reaffirmed a “market perform” rating and issued a $2.00 price objective (down from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, ValuEngine lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.50.

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About Ascena Retail Group

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

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