1.1700 +0.03 (2.63%)
After hours: 4:38PM EDT
|Bid||1.1400 x 2900|
|Ask||1.1400 x 43500|
|Day's Range||1.1300 - 1.2400|
|52 Week Range||0.9700 - 5.2900|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 3, 2019 - Jun 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.83|
Ascena Retail Group Inc. said late Monday it will wind down operations of its Dressbarn brand, closing down about 650 stores. Plans for the store closings will be disclosed later on, the company said. The decision to close Dressbarn has "no impact" on the operations of any of Ascena's other brands, which include Ann Taylor and Lane Bryant, and "will strengthen the company's overall financial performance," Ascena said. "Dressbarn's wind down is another significant step taken to advance Ascena's ongoing transformation. This move is in line with the company's commitment to comprehensively assess and optimize its portfolio by focusing resources on its most profitable brands to position the business for long-term growth and enhance shareholder value," the company said in a statement. Ascena shares rose 2.6% in the extended session after ending the regular trading day down 9.5%.
Ascena Retail Group Inc NASDAQ/NGS:ASNAView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is expanding 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 $507 million over the last one-month. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. 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.
Loft has joined the clothing rental business, launching Infinitely Loft May 7 with a size-inclusive range of casual, work-appropriate and maternity styles. Sizes range from 00 to 26 and XXS to XXL and include petite, tall, plus and maternity, per Fashion Network, and the subscription includes unlimited swaps. Shipping both ways is free via a USPS Priority Mail pre-paid envelope. The subscription is offered at a lower price point than that of competitor Rent the Runway, which gets more than half its revenue from subscribers to its $159 monthly Unlimited four-item-at-a-time rental service.
"Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
Ascena Retail Group Inc. said Wednesday Chief Executive David Jaffe will retire effective immediately. Jaffe will remain on the board of directors, the parent company of Ann Taylor, Dress Barn and other brands said in a statement. Gary Muto, chief executive officer of Ascena Brands, has been named the company's chief executive. In the same statement, Ascena said Chief Operational Officer Brian Lynch is also leaving. Ascena shares were flat in the extended session after ending the regular trading day down 0.8%.
David Jaffe has been the CEO of Ascena Retail Group, Inc. (NASDAQ:ASNA) since 2002. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. After that...
NEW YORK, April 02, 2019 -- Today, Ann Taylor, LOFT, Lou & Grey, Ann Taylor Factory and LOFT Outlet launched ALL Rewards, a new multi-tender loyalty program that enables.
Moody's Investors Service ("Moody's) said that Ascena Retail Group, Inc.'s ("Ascena") announcement that it signed a definitive agreement to sell a majority interest in its subsidiary maurices to an affiliate of OpCapita LLP is a credit positive but has no impact on the ratings or outlook. The sale is a credit positive because it results in a better quality core portfolio and allows for accelerated debt repayment. Maurices has experienced mid-single-digit comparable sales decreases on average since FY 2016, as well as margin declines driven by the consumer mix shift to e-commerce.
Ascena Retail (NASDAQ:ASNA) announced that the business plans on selling a majority interest in its Maurices Inc. brand to a private equity firm, sending ASNA stock soaring more than 10% Monday.The Mahwah, New Jersey-based business, which owns Ann Taylor and Dressbarn, said that an affiliate of OpCapita LLP will buy the majority stake in the women's clothing retailer. The deal is reportedly valued at roughly $300 million, according to a statement from Ascena.The move comes following a statement from Ascena Retail in early March, noting that its value unit, which includes the likes of Maurices and Dressbarn, was operating at what it deemed to be an "unacceptable level of profitability." Maurices CEO George Goldfarb will reportedly continue to run the chain.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, Jeff Kirwan will become the brand's executive chairman, according to a statement from OpCapita. Ascena has been focusing on addressing its cost structure, while bringing back the focus to its brands in ways that will deliver growth in a competitive retail industry.According to chairman David Jaffe, the "structural changes in our industry" have had an adverse role in Ascena's value. He added that the business had plans to make more "deliberate actions" moving forward. The deal is designed to bolster the brand's liquidity and balance sheet, as part of the proceeds from the deal will help pay the existing term loan balance.ASNA stock is up 10.3% on Monday. More From InvestorPlace * 7 Marijuana Stocks to Play the CBD Trend * 10 Stocks on the Rise Heading Into the Second Quarter * 7 Beaten-Up Stocks to Buy as They Reverse Course Compare Brokers The post Why Ascena Retail (ASNA) Stock Is Surging Today appeared first on InvestorPlace.
jumped on Monday after it reached an agreement to sell a majority stake in Maurices, its women's clothing chain subsidiary. The sale, to an affiliate of private-equity firm OpCapita LLP, was valued at about $300 million. Ascena also owns brands Ann Taylor and Dressbarn.