TOday’s Movers: Ascena Retail Group (NASDAQ:ASNA) Stock Rating Has Been Reiterated at Piper Jaffray; $18 Target Price Indicates 51.26% Potential

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Ascena Retail Group (NASDAQ:ASNA) Rating Reaffirmed

New York: In an analyst note issued to investors and clients on Wednesday, 2 December, Piper Jaffray kept steady their Overweight rating on Ascena Retail Group (NASDAQ:ASNA) shares. They now have a $18 target price on the firm. Piper Jaffray’s target would indicate a potential upside of 51.26% from the company’s last price.

Approximately 4.18M shares of stock traded hands or 31.45% 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 $2.27 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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