Ascena Retail Group Stock Hits New 52-Week High (ASNA)

NEW YORK ( TheStreet) -- Ascena Retail Group (Nasdaq: ASNA) hit a new 52-week high Tuesday as it is currently trading at $38.80, above its previous 52-week high of $38.07 with 682,880 shares traded as of 12:10 p.m. ET. Average volume has been 789,400 shares over the past 30 days.

Ascena Retail Group has a market cap of $2.72 billion and is part of the services sector and retail industry. Shares are up 27.6% year to date as of the close of trading on Friday.

Ascena Retail Group, Inc. operates as a specialty retailer of apparel for women and tween girls in the United States, Puerto Rico, and Canada. The company operates its stores under the dressbarn, maurices, and Justice brand names. The company has a P/E ratio of 18, below the average retail industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ascena Retail Group as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, attractive valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ascena Retail Group Ratings Report.

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