ascena retail group, inc. Reports Fourth Quarter and Full Year Fiscal 2016 Results and Provides Full Year Fiscal 2017 Guidance

UPDATE: Oppenheimer Downgrades Ascena Retail Group (ASNA) to Perform

(Updated - September 20, 2016 9:21 AM EDT)

Oppenheimer downgraded Ascena Retail Group (NASDAQ: ASNA) from Outperform to Perform and removed its price target (prior $12.00). The downgrade followed disappointing Q4 results.

Analyst Anna Andreeva said, "ASNA's F4Q16 EPS miss is disappointing with... More

RBC Capital Downgrades Ascena Retail Group (ASNA) to Sector Perform

RBC Capital downgraded Ascena Retail Group (NASDAQ: ASNA) from Outperform to Sector Perform with a price target of $7.00 (from $12.00).

For an analyst ratings summary and ratings history on Ascena Retail Group... More

Cowen Cuts Price Target on Ascena Retail Group (ASNA) to $7 Following 4Q Comp Miss

Cowen maintained a Market Perform rating on Ascena Retail Group (NASDAQ: ASNA) and cut the price target to $7.00 (from $8.00), following the company's 4Q earnings report. ASNA's 4Q miss was driven by a comps miss, as comps came in -4% vs. the Street at -2.3%.... More

FBR Capital Downgrades Ascena Retail Group (ASNA) to Market Perform

FBR Capital downgraded Ascena Retail Group (NASDAQ: ASNA) from Outperform to Market Perform with a price target of $7.00 (from $15.00) following disappointing results and outlook.

Analyst Susan Anderson commented, "ASNA reported an adjusted F4Q16 EPS miss of $0.08 (versus FBR/consensus of $0.17/$0.16 and implied guidance of $0.15$0.18), driven by worse SSS and expense de-leverage. Justice continued... More

Ascena Retail Group (ASNA) Misses Q4 EPS by 8c; Comps Fell 4%

Ascena Retail Group (NASDAQ: ASNA) reported Q4 EPS of $0.08, $0.08 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.77 billion.

The Companys comparable sales data for the fiscal fourth quarter is summarized... More