ASNA - Ascena Retail Group, Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
5.73
-0.52 (-8.32%)
At close: 4:00PM EST
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Previous close6.25
Open6.24
Bid5.66 x 2200
Ask6.40 x 1100
Day's range5.68 - 6.24
52-week range4.00 - 54.60
Volume280,400
Avg. volume211,240
Market cap57.141M
Beta (5Y monthly)1.11
PE ratio (TTM)N/A
EPS (TTM)-64.19
Earnings date11 Mar 2020 - 15 Mar 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1.00
  • The Retail Apocalypse Confronts a New Crop of CEOs
    Bloomberg

    The Retail Apocalypse Confronts a New Crop of CEOs

    (Bloomberg Opinion) -- Many of the retail industry’s challenges in 2020 will be familiar, such as adapting to the rise of e-commerce and trade-related uncertainty from Washington. But the lineup of CEOs navigating those conditions will include many new faces.There were more CEO exits in the retail industry in 2019 than in any year since at least 2010, according to data from Challenger, Gray & Christmas.(1)The leadership shake-ups in retail don’t appear to fit any particular pattern. There were carefully choreographed, harmonious baton passes, such as Best Buy Co. naming Corie Barry to succeed Hubert Joly. There were bombshells such as Steve Easterbrook’s abrupt ouster from McDonald’s Corp. over an inappropriate relationship with an employee. There were rebukes of poor performance, such as Art Peck’s departure from Gap Inc. And there were some left-field surprises, such as Tractor Supply Co. poaching Hal Lawton from Macy’s Inc.Retail’s recent bout of turbulence at the top is not such an outlier in corporate America; Bloomberg Opinion’s Stephen Mihm recently noted an uptick in CEO departures overall in the past few months. But it adds a certain intrigue about which retailers will end up in the winners’ circle next year.Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.CEO changes that are reason for optimism: By the time activist investor pressure finally led Bed Bath & Beyond Inc. to dump longtime CEO Steven Temares, the move was long overdue. But the board has scored by luring Mark Tritton — the chief merchant at its on-fire competitor, Target Corp. — for the job. Tritton’s experience creating covetable private-label brands and reimagining store displays are exactly what the big-box home goods chain needs. Meanwhile, though Gap has not yet named a permanent successor for the now-departed Peck, the company may be better off without a leader who tried but failed for five years to revive its flagship brand.CEO changes that are reason for pessimism: The biggest headscratcher comes from Nike Inc., which announced that CEO Mark Parker is to be replaced in January by John Donahoe, a former ServiceNow and eBay Inc. executive. Sure, Donahoe knows Nike’s business from serving on its board, but his tech-centric resume is a weird fit for a company that thrives on its marketing savvy and merchandising expertise. There is potential for trouble, too, in the leadership plans of Under Armour Inc., where founder Kevin Plank is set to relinquish the CEO title to COO Patrik Frisk in the new year. Plank is to become chairman and “brand chief,” and Frisk will still report to Plank. This set-up is reminiscent of when Ralph Lauren first tried to step back from the CEO role of his namesake company while staying on in a creative position. The fashion mogul clearly had trouble releasing the reins, and it cost the company a highly capable CEO, Stefan Larsson.(2)Elsewhere in the apparel world, Ascena Retail Group Inc., corporate parent of Ann Taylor, Lane Bryant and other brands, probably will regret tapping an insider, Gary Muto, to replace David Jaffe. This company needs the kind of total overhaul that an outsider would be better equipped to pull off.CEO changes that promise business as usual: Electronics giant Best Buy is in good hands under Barry, a veteran executive of the chain who had served as its CFO and chief strategic growth officer. Thing is, the electronics giant was already in good hands under Joly, who had steered the chain through an improbable comeback. So expect steadiness for the retailer in the year ahead —by no means a bad thing. Same goes for McDonald’s: Even though it said goodbye to a successful CEO under far more soap-operatic circumstances, his replacement, Chris Kempczinski, is a close lieutenant poised to stick to the same playbook that has fueled the fast-food giant’s recent strength.CEO change wild card: It’s understandable that Tapestry Inc.’s board had lost confidence in recently departed CEO Victor Luis. The company that used to be named Coach has been struggling to boost the Kate Spade brand it acquired in 2017, a bad sign for a company intent on transforming into a luxury conglomerate. Luis has been replaced by Jide Zeitlin, a longtime Tapestry board member. He has little experience in the retail or fashion worlds, which is concerning. But his finance industry chops could prove invaluable in future deal-making — an essential ingredient in the company’s quest for growth.(1) The Challenger data in the chart is for the retail sector only. The apparel industry, which includes manufacturers such as Nike, is a separate category that also saw a particularly high number of exits in 2019. So far, apparel has 12 CEO exits, matching the 2015 annual total that was the highest this decade. Restaurants such as McDonald’s are included in the entertainment and leisure category in Challenger’s data.(2) Lauren seems to have settled into his new role alongside current CEO Patrice Louvet, who took that job in 2017 after Larsson’s exit.To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • What Kind Of Share Price Volatility Should You Expect For Ascena Retail Group, Inc. (NASDAQ:ASNA)?
    Simply Wall St.

    What Kind Of Share Price Volatility Should You Expect For Ascena Retail Group, Inc. (NASDAQ:ASNA)?

    Anyone researching Ascena Retail Group, Inc. (NASDAQ:ASNA) might want to consider the historical volatility of the...

  • Is Tanger Factory Outlet Centers a Buy?
    Motley Fool

    Is Tanger Factory Outlet Centers a Buy?

    With the company's dividend yield hitting 10%, is it time to back up the truck and buy, time to sell, or time to take a wait-and-see approach?

  • Business Wire

    UPCOMING DEADLINE ALERT: The Schall Law Firm Announces it is Investigating Claims Against Ascena Retail Group, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ascena Retail Group, Inc. (“Ascena” or “the Company”) (NASDAQ: ASNA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

  • Business Wire

    ascena retail group Announces Reduction in the Size of the Board

    ascena retail group, inc. announced the resignation of two of its board members, Steven Kirshenbaum and Marc Lasry, effective June 30, 2019.

  • Business Wire

    Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Ascena Retail Group

    Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming August 6, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of Ascena Retail Group (“Ascena” or the “Company”) (NASDAQ: ASNA) investors who purchased securities between September 16, 2015 and June 8, 2017, inclusive (the “Class Period”). If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On May 18, 2015, the Company announced that it would acquire ANN Inc. for a combination of cash and stock.

  • Business Wire

    Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Ascena Retail Group

    Law Offices of Howard G. Smith reminds investors of the upcoming August 6, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Ascena Retail Group (“Ascena” or the “Company”) (NASDAQ: ASNA) securities between September 16, 2015 and June 8, 2017, inclusive (the “Class Period”). Investors suffering losses on their Ascena Retail investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

  • Business Wire

    TOP RANKED ROSEN LAW FIRM Reminds Ascena Retail Group, Inc. Investors of Important Deadline in Securities Class Action Lawsuit; Encourages Investors with Losses in Excess of $100K to Contact the Firm – ASNA

    Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Ascena Retail Group, Inc. (ASNA) from September 16, 2015 through June 8, 2017, inclusive (the “Class Period”), of the important August 6, 2019 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Ascena investors under the federal securities laws. To join the Ascena class action, go to http://www.rosenlegal.com/cases-register-1601.html or call Phillip Kim, Esq.

  • Business Wire

    Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Ascena Retail Group Investors

    Glancy Prongay & Murray LLP (“GPM”), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that acquired Ascena Retail Group (“Ascena” or the “Company”) (NASDAQ: ASNA) securities between September 16, 2015 and June 8, 2017, inclusive (the “Class Period”). If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On May 18, 2015, the Company announced that it would acquire ANN Inc. for a combination of cash and stock.

  • Business Wire

    INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ascena Retail Group, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ascena Retail Group, Inc. (“Ascena” or “the Company”) (NASDAQ: ASNA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between September 16, 2015 and June 8, 2017, inclusive (the “Class Period”), are encouraged to contact the firm before August 6, 2019. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.

  • Business Wire

    INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Ascena Retail Group Investors (ASNA)

    Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Ascena Retail Group (“Ascena” or the “Company”) (NASDAQ: ASNA) securities between September 16, 2015 and June 8, 2017, inclusive (the “Class Period”). Investors suffering losses on their Ascena Retail investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. On May 18, 2015, the Company announced that it would acquire ANN Inc. for a combination of cash and stock.

  • Business Wire

    IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ascena Retail Group, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ascena Retail Group, Inc. (“Ascena” or “the Company”) (NASDAQ: ASNA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between September 16, 2015 and June 8, 2017, inclusive (the ''Class Period''), are encouraged to contact the firm before August 6, 2019. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.

  • Business Wire

    Glancy Prongay & Murray LLP Announces Investigation on Behalf of Ascena Retail Group Investors (ASNA)

    Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Ascena Retail Group (“Ascena” or the “Company”) (NASDAQ: ASNA) investors concerning the Company and its officers’ possible violations of federal securities laws. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On May 18, 2015, the Company announced that it would acquire ANN Inc. for a combination of cash and stock.

  • Business Wire

    EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit against Ascena Retail Group, Inc. – ASNA

    Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Ascena Retail Group, Inc. (ASNA) from September 16, 2015 through June 8, 2017, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Ascena investors under the federal securities laws. To join the Ascena class action, go to http://www.rosenlegal.com/cases-register-1601.html or call Phillip Kim, Esq.

  • Business Wire

    Robbins Arroyo LLP: Shareholders File Class Action Against Ascena Retail Group, Inc. (ASNA)

    Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Ascena Retail Group, Inc. (ASNA) has filed a class action complaint against the company for alleged violations of the Securities and Exchange Act of 1933 between September 16, 2015 and June 8, 2017. Ascena Retail Group, Inc. operates as a specialty retailer of apparel, shoes, and accessories for women and girls in four main segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. According to the complaint, Ascena touted its acquisition of ANN Inc. as positive and having potential for continued growth.

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