|Bid||0.7573 x 800|
|Ask||0.7800 x 3100|
|Day's Range||0.7225 - 0.7885|
|52 Week Range||0.7000 - 5.2900|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Ascena Retail Group Inc NASDAQ/NGS:ASNAView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is high for ASNA with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting ASNA. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ASNA had net inflows of $1.04 billion over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Investors need to pay close attention to Ascena Retail Group (ASNA) stock based on the movements in the options market lately.
Ascena Retail (ASNA) delivered earnings and revenue surprises of 31.58% and -11.60%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Ascena Retail Group Inc. rallied in the extended session Monday only to switch to losses after the parent of Ann Taylor, Lane Bryant and other apparel brands reported a narrower-than-expected quarterly loss but missed sales expectations. Ascena said it had lost $238 million, or $1.20 a share, in the fiscal third quarter, compared with a loss of 20 cents a share in the year-ago period. Adjusted for one-time items, Ascena lost 26 cents a share in the quarter, compared with an adjusted loss of 8 cents a share in the year-ago period. Sales were flat at $1.3 billion. Analysts polled by FactSet had expected an adjusted loss of 37 cents a share on sales of $1.4 billion. "Third-quarter results were better than anticipated, driven by stronger comps," Chief Executive Gary Muto said in a statement. "With the elimination of our Value Fashion segment, we are already re-aligning our financial and human capital to support the areas of the business with the greatest growth potential." Ascena last month said it was closing down its Dressbarn stores. Shares of Ascena ended the regular trading day down 2.8%.
Ascena Retail Group (NASDAQ: ASNA ) will be releasing its next round of earnings this Monday, June 10. For all of the relevant information, here is your guide for Monday's Q3 earnings announcement. Earnings ...
Ascena (ASNA) witnesses softness across its Value Fashion and Plus Fashion segments. However, the Change for Growth transformation program is encouraging.
Every clothing store stock is down over the past month, led by a 73.2% decline at J.Jill Inc., notes retail expert Mitch Nolen. Clothing store's stock fell last month, nearly all by double-digit percentages. Abercrombie & Fitch Inc. (ANF) , down 43.2% for the past month, took its biggest single-day tumble last Wednesday after reporting weak first-quarter same-store sales.
Apparel retailers' earnings, as a group, are down 24% for the first quarter of 2019, according to an analysis by Retail Metrics. Apparel retailers' earnings reports haven't been so disappointing since the Great Recession. Companies ranging from Gap Inc. GPS to J.Jill JILL to Canada Goose GOOS-CA and Abercrombie & Fitch ANF delivered disappointing earnings reports in recent days, casting blame for the results on issues such as cool and wet weather, weak traffic at malls, the wrong promotions in stores and overall product missteps.
Ascena Retail (ASNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dressbarn says it expects to have all its 650 stores closed by the end of this year. The women's clothing chain announced earlier this week that it was shutting all its stores but hadn't given a timeline for the closures until Thursday. Dressbarn's owner, Ascena Retail Group Inc., has said it wants to focus on its other brands, such as Ann Taylor and Lane Bryant.
Dressbarn parent company Ascena Retail Group (NASDAQ:ASNA) announced that it is shuttering the doors of hundreds of its subsidiary's stores.Here are seven things to know about the Mahwah, New Jersey-based company's move: * Retail operations are winding down for the business, which will lead to it shuttering the doors of its 650 stores. * Dressbarn has been around since 1962, founded by Elliot and Roslyn Jaffe, who created the business to help women who were entering the workforce and seeking fashion if they were on a budget. * It started as a single store in Stamford, Connecticut that eventually became a nationwide chain. * "For more than 50 years, Dressbarn has served women's fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers," Steven Taylor, CFO of Dressbarn, said in a statement. * Taylor also mentioned that it was a difficult, yet necessary decision for the business as the company has not been operating a level of profitability that is acceptable in today's retail environment. * The company has roughly 6,800 associated and it will work to help employees through the transition and maintain existing relationships with vendors, suppliers, as well as stakeholders, Taylor added. * Dressbarn will reveal plans for when it will close individual locations during the wind-down process, which will include store closing sales.ASNA stock is down about 6.4% on Wednesday following the news.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 7 Safe Stocks to Buy for Anxious Investors * 7 Stocks to Buy for Over 20% Upside Potential * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post Dressbarn Stores Closing 2019: 7 Things for Shoppers to Know appeared first on InvestorPlace.
Ascena Retail, whose portfolio also includes Ann Taylor, announced plans to close all 650 Dressbarn stores.
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to pruning its less successful brands.
Dressbarn announced Monday plans to shutter all of its remaining 650 stores, including the dozen still open in Greater Washington. The Mahway, New Jersey-based women’s clothing boutique calls this a “wind down of its retail operations,” and has not said yet when it will close. For now, Dressbarn stores remain open, as does the company’s online store, and there are no “current changes to Dressbarn’s return, refund, or gift card policies.” There appear to be 12 open Dressbarn locations across the D.C. area, though none in D.C. proper: Silver Spring, Upper Marlboro, Laurel, Greenbelt, Germantown, Aspen Hill, Alexandria, Fairfax, Falls Church, Manassas, Sterling, and Woodbridge.
plans to wind down its Dressbarn business and close all 650 or so of the women's clothing stores. Ascena reached an agreement in March to sell a majority stake in Maurices, another women's clothing chain. "For more than 50 years, Dressbarn has served women's fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers," said Dressbarn Chief Financial Officer Steven Taylor.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - U.S. officials said on Monday they would grant a handful of ...
NEW YORK (AP) — Dressbarn, the women's clothing chain that's been around for nearly 60 years, is closing all 650 of its stores.
Ascena Retail Group Inc said on Monday it would wind down its women's budget clothing chain, Dressbarn, shutting about 650 stores in the United States, as it sharpens its focus on profitable brands. The company, which also houses fashion brands Ann Taylor and Lou & Grey, said the move would strengthen its overall financial performance. "This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today's retail environment," Dressbarn Chief Financial Officer Steven Taylor said.
Ascena, whose brands have come under pressure as consumer tastes shift, needs to make changes after posting more than $1 billion of losses in the past four years, according to data compiled by Bloomberg. “This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today’s retail environment,” Dressbarn Chief Financial Officer Steven Taylor said in a statement Monday. Bloomberg reported in March that Ascena was exploring options for Dressbarn, which was struggling with a host of competitors from fast-fashion purveyors like H&M to Amazon.com.