Today Piper Jaffray Sticks With a Overweight Rating on Ascena Retail Group (NASDAQ:ASNA) and a $18.00 Target Price

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Ascena Retail Group (NASDAQ:ASNA) Rating Reaffirmed

In an analyst note revealed to investors and clients on Wednesday, 2 December, The Overweight rating of Ascena Retail Group (NASDAQ:ASNA) shares was has restated by Analysts at Piper Jaffray, who now has a $18.00 target price per share on the stock. Piper Jaffray’s target price per share may imply a possible upside of 49.50% from the stock close price of the company.

Approximately 4.00 million shares of stock traded hands or 25.79% up from the average. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 21.20% since April 29, 2015 and is downtrending. It has underperformed by 21.00% the S&P500.

Ascena Retail Group, Inc. is a national specialty retailer offering clothing, shoes and accessories for missy and plus-size women through its 100% owned subsidiaries, under the Lane Bryant, maurices, dressbarn and Catherines brands; and for tween girls and boys, under the Justice brand. The company has a market cap of $2.26 billion. The Firm operates approximately 3,900 stores throughout the United States and Canada. It currently has negative earnings.

According to Zacks Investment Research, “Ascena Retail Group, Inc, formerly known as The Dress Barn, Inc., operates as a national specialty retailer of apparel for women and girls under the Dressbarn, Maurices and Justice brands. Its Dressbarn stores offer casual, career and special occasion fashion apparel and accessories; Maurices stores offer casual and career apparel and accessories; and Justice stores offer trend-right apparel and accessories. Ascena Retail Group, Inc. is based in Suffern, New York.” Get a free copy of the Zacks research report on Ascena Retail Group Inc (ASNA).

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