Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) [Trend Analysis] swings enthusiastically in regular trading session, it increase of 6.10% to close at $5.91. The parent of Ann Taylor retail stores missed fiscal fourth-quarter profit and same-store sales expectations. RBC Capital Markets analyst Brian Tunick downgraded the stock to sector perform, following being at outperform for the last 15 months, citing uncertain outlooks at Ascena branded stores, other than Justice, and reduced management credibility following earnings misses. He slashed his stock price target to $7 from $12.
Tunick wrote in a note to clients that when they upgraded last June, it was on the premise that it could return to positive revisions as Ann was folded in and progress was made towards its $1 billion EBITDA goal. “Our call has been flat out wrong…as deleverage on negative has over offset gross margin gains and Ann-related savings.”
The ASNA held a rough session during the week but was ready to get some critical analysis. The stock was assessed by a pool of analysts at WSJ and came out with some serious outcomes not to be avoided before making investment. The ASNA ratings chart showed that 8 gave HOLD ratings for the current month as 0 analysts opting for Overweight option for same period. For stocks’ current month, 3 analysts opted for BUY ratings. The stock price target chart showed average price target of 8.44 as compared to current price of 5.91.
Taking look on per share earnings estimates, its next year first quarter current estimate trend for EPS was for $0.01 and on annual basis FY 2016 estimate trends at current was for $0.63 as compared to one month ago of $0.84, and for next year per share earnings estimates have $0.76.
Moving forward to saw long-term intention, the experts calculate Return on Investment of -14.20%. The stock is going forward its fifty-two week low with 10.88% and lagging behind from its 52-week high price with -59.96%. ASNA last month stock price volatility remained 5.07%.
Chico’s FAS Inc. (NYSE:CHS) [Trend Analysis] retains strong position in active trade, as shares scoring 1.99% to $12.31 in a active trade session, while looking at the shares volume, around 1.49 Million shares have changed hands in this session. Lets us look over what analysts have to say about performance of the CHS. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $0.13 as compared to the next year Q1 current trend of $0.04. While on annual basis the current EPS estimates trend for FY 2017 came in for $0.83 as compared to three months ago $0.78.
The firm has institutional ownership of 94.70%, while insider ownership included 1.70%. CHS attains analyst recommendation of 2.60 with week’s performance of 0.16%. Investors looking further ahead will note that the Price to next year’s EPS is 21.93%.