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Last $12.07 USD
Change Today +0.07 / 0.58%
Volume 3.2M
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

ascena retail group inc (ASNA) Snapshot

Open
$11.95
Previous Close
$12.00
Day High
$12.16
Day Low
$11.86
52 Week High
09/4/14 - $17.61
52 Week Low
01/20/15 - $10.50
Market Cap
2.4B
Average Volume 10 Days
4.2M
EPS TTM
$0.81
Shares Outstanding
194.8M
EX-Date
--
P/E TM
14.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for ASCENA RETAIL GROUP INC (ASNA)

ascena retail group inc (ASNA) Related Businessweek News

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ascena retail group inc (ASNA) Details

Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of apparel for women, and tween girls and boys. It operates through five segments: Justice, Lane Bryant, maurices, dressbarn, and Catherines segments. The company offers apparel, accessories, footwear, intimates, wear-to-work, and casual sportswear; and lifestyle products, such as bedroom furnishings and electronics, as well as social occasion apparel, career wear, dressy apparel, and active wear. Its principal retail brands comprise Justice, Brothers, Lane Bryant, Cacique, Right Fit, Maurices, Studio Y, Dressbarn, Catherines, Maggie Barnes, Liz&Me, and Serenada. As of September 22, 2014, the company operated approximately 3,900 stores in the United States and Canada. It also sells its products online. The company was formerly known as Dress Barn, Inc. and changed its name to Ascena Retail Group, Inc. in January 2011. Ascena Retail Group, Inc. was founded in 1962 and is based in Mahwah, New Jersey.

14,000 Employees
Last Reported Date: 09/23/14
Founded in 1962

ascena retail group inc (ASNA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Operating Officer of Shared Services Gr...
Total Annual Compensation: $656.2K
Compensation as of Fiscal Year 2014.

ascena retail group inc (ASNA) Key Developments

Ascena Retail Group Inc. Enter into Amendment and Restatement Agreement to Amend and Restate the Company’S Existing Revolving Credit Agreement

Ascena Retail Group Inc. and certain of its domestic subsidiaries entered into an amendment and restatement agreement to amend and restate the company’s existing revolving credit agreement dated as of November 25, 2009, as amended and restated as of January 3, 2011, as of June 14, 2012 and as of March 13, 2013 (the existing credit agreement and as amended and restated as of August 21, 2015, the ABL Credit Agreement) among the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A. and Wells Fargo Bank, National Association, as syndication agents, Fifth Third Bank, Goldman Sachs Bank USA, Capital One Bank, N.A. and U.S. Bank National Association, as documentation agents, and J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers and joint book runners; and (ii) a term credit agreement dated as of August 21, 2015 (the term credit agreement and together with the ABL Credit agreement, the credit agreements) among the lenders party thereto and Goldman Sachs Bank USA, as administrative agent, Guggenheim Securities, LLC, as syndication agent, and Goldman Sachs Bank USA and Guggenheim Securities, LLC, as joint lead arrangers and joint book runners. The amendment and restatement agreement amended and restated the existing credit agreement, which was a $500 million five-year credit facility, on August 21, 2015. The existing credit agreement was scheduled to expire on June 14, 2018, but has now been amended to terminate in five years on August 21, 2020. The ABL credit agreement also provides a senior secured revolving credit facility up to $600 million with an optional increase of up to $200 million. The revolving credit facility may be used for the issuance of letters of credit, to fund working capital requirements and capital expenditures, and for general corporate purposes. The ABL credit agreement includes a $350 million letter of credit sublimit, of which $100 million can be used for standby letters of credit, and a $30 million swing loan sublimit. The interest rates, pricing and fees under the ABL credit agreement fluctuate based on average daily availability, as defined in the ABL credit agreement. As of August 21, 2015, there were no borrowings outstanding under the ABL Credit Agreement. Letters of credit that were outstanding under the existing credit agreement will be treated as letters of credit under the ABL credit agreement for the same amount. The term credit agreement provides a senior secured term B loan facility for $1.8 billion with an incremental facility of $200 million and additional amounts based on a secured leverage ratio and matures in seven years on August 21, 2022. The interest rate applicable to loans under the credit agreement is LIBOR + 4.50% (or base rate + 3.50%), provided that, in either case, the applicable interest rate will not be less than 5.25%.

Ascena Retail Group Inc. Revises Earnings Guidance for the Full Year Ending July 25, 2015; Provides Impairment Charges Guidance for the Fourth Quarter of 2015

Ascena Retail Group Inc. revised earnings guidance for the full year ending July 25, 2015. Subject to completion of the company’s fourth quarter close and audit of its fiscal year 2015 financial statements, the company now expects full-year adjusted EBITDA from continuing operations in the range of $365 million to $375 million, and full-year adjusted earnings per diluted share from continuing operations in the range of $0.57 to $0.60 as compared to its prior expectation of $0.70 to $0.75 per share. These ranges exclude charges for the goodwill and intangible asset impairment and the litigation reserve. The company also announced that in the fourth quarter it expects to take a non-cash, pre-tax goodwill and intangible asset impairment charge in the range of $275 million to $325 million related to Lane Bryant.

Ascena Retail Group Inc.(NasdaqGS:ASNA) added to Russell 2000 Index

Ascena Retail Group Inc. will be added to Russell 2000 Index

 

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Industry Analysis

ASNA

Industry Average

Valuation ASNA Industry Range
Price/Earnings 19.3x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 6.3x
TEV/Sales 0.3x
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