Ascena Retail Group (ASNA) Crumbles: Stock Falls by 5.7%
Ascena Retail Group Inc. (ASNA) saw a big move last session, as the company’s shares fell by about 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ASNA, as the stock is now down nearly 10% since Nov 25.
This slump shouldn’t be too much of a surprise to investors, as the retailer of female apparel has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
ASNA currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Retail - Apparel sector include Destination XL Group, Inc. (DXLG), Pacific Sunwear of California Inc. (PSUN) and American Eagle Outfitters, Inc. (AEO). While Destination XL Group and Pacific Sunwear of California carry a Zacks Rank #1 (Strong Buy), American Eagle Outfitters holds a Zacks Rank #2 (Buy).
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ASCENA RETAIL GROUP INC (ASNA): Free Stock Analysis Report
DESTINATION XL GROUP INC (DXLG): Free Stock Analysis Report
PACIFIC SUNWEAR OF CA INC (PSUN): Free Stock Analysis Report
AMERICAN EAGLE OUTFITTERS NE (AEO): Free Stock Analysis Report
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