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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 1.59
ASNA's Cash to Debt is ranked higher than
58% of the 874 Companies
in the Global Apparel Stores industry.

( Industry Median: 0.91 vs. ASNA: 1.59 )
Ranked among companies with meaningful Cash to Debt only.
ASNA' s 10-Year Cash to Debt Range
Min: 0.16   Max: No Debt
Current: 1.59

Equity to Asset 0.58
ASNA's Equity to Asset is ranked higher than
66% of the 823 Companies
in the Global Apparel Stores industry.

( Industry Median: 0.47 vs. ASNA: 0.58 )
Ranked among companies with meaningful Equity to Asset only.
ASNA' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.81
Current: 0.58

0.35
0.81
Interest Coverage 32.43
ASNA's Interest Coverage is ranked lower than
55% of the 569 Companies
in the Global Apparel Stores industry.

( Industry Median: 44.81 vs. ASNA: 32.43 )
Ranked among companies with meaningful Interest Coverage only.
ASNA' s 10-Year Interest Coverage Range
Min: 9.06   Max: 9999.99
Current: 32.43

9.06
9999.99
F-Score: 7
Z-Score: 3.47
M-Score: -2.92
WACC vs ROIC
16.20%
6.84%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 3.30
ASNA's Operating margin (%) is ranked lower than
53% of the 877 Companies
in the Global Apparel Stores industry.

( Industry Median: 3.69 vs. ASNA: 3.30 )
Ranked among companies with meaningful Operating margin (%) only.
ASNA' s 10-Year Operating margin (%) Range
Min: 1.03   Max: 10.86
Current: 3.3

1.03
10.86
Net-margin (%) 2.31
ASNA's Net-margin (%) is ranked lower than
52% of the 877 Companies
in the Global Apparel Stores industry.

( Industry Median: 2.49 vs. ASNA: 2.31 )
Ranked among companies with meaningful Net-margin (%) only.
ASNA' s 10-Year Net-margin (%) Range
Min: 1.02   Max: 7.09
Current: 2.31

1.02
7.09
ROE (%) 6.37
ASNA's ROE (%) is ranked lower than
53% of the 862 Companies
in the Global Apparel Stores industry.

( Industry Median: 7.38 vs. ASNA: 6.37 )
Ranked among companies with meaningful ROE (%) only.
ASNA' s 10-Year ROE (%) Range
Min: 2.56   Max: 22.03
Current: 6.37

2.56
22.03
ROA (%) 3.57
ASNA's ROA (%) is ranked higher than
51% of the 881 Companies
in the Global Apparel Stores industry.

( Industry Median: 3.34 vs. ASNA: 3.57 )
Ranked among companies with meaningful ROA (%) only.
ASNA' s 10-Year ROA (%) Range
Min: 1.6   Max: 12.36
Current: 3.57

1.6
12.36
ROC (Joel Greenblatt) (%) 13.31
ASNA's ROC (Joel Greenblatt) (%) is ranked higher than
51% of the 878 Companies
in the Global Apparel Stores industry.

( Industry Median: 12.58 vs. ASNA: 13.31 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
ASNA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.34   Max: 62.68
Current: 13.31

6.34
62.68
Revenue Growth (3Y)(%) 17.20
ASNA's Revenue Growth (3Y)(%) is ranked higher than
89% of the 711 Companies
in the Global Apparel Stores industry.

( Industry Median: 3.20 vs. ASNA: 17.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
ASNA' s 10-Year Revenue Growth (3Y)(%) Range
Min: 7.2   Max: 23.3
Current: 17.2

7.2
23.3
EBITDA Growth (3Y)(%) 1.50
ASNA's EBITDA Growth (3Y)(%) is ranked lower than
54% of the 586 Companies
in the Global Apparel Stores industry.

( Industry Median: 2.80 vs. ASNA: 1.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
ASNA' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -15.4   Max: 71
Current: 1.5

-15.4
71
EPS Growth (3Y)(%) -7.20
ASNA's EPS Growth (3Y)(%) is ranked lower than
62% of the 529 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.80 vs. ASNA: -7.20 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
ASNA' s 10-Year EPS Growth (3Y)(%) Range
Min: -37   Max: 111.8
Current: -7.2

-37
111.8
» ASNA's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

ASNA Guru Trades in Q2 2014

Paul Tudor Jones 21,864 sh (+52.62%)
Private Capital 784,487 sh (+43.11%)
PRIMECAP Management 9,068,900 sh (+30.46%)
Chuck Royce 8,477,190 sh (+4.97%)
Alan Fournier 7,781,700 sh (unchged)
John Burbank Sold Out
Third Avenue Management Sold Out
Ken Fisher 640,804 sh (-72.62%)
» More
Q3 2014

ASNA Guru Trades in Q3 2014

Jim Simons 420,224 sh (New)
John Burbank 27,258 sh (New)
Paul Tudor Jones 75,446 sh (+245.07%)
Private Capital 1,217,143 sh (+55.15%)
Ken Fisher Sold Out
Chuck Royce 7,775,390 sh (-8.28%)
PRIMECAP Management 8,060,300 sh (-11.12%)
Alan Fournier 5,243,580 sh (-32.62%)
» More
Q4 2014

ASNA Guru Trades in Q4 2014

David Dreman 4,588 sh (New)
Paul Tudor Jones 114,735 sh (+52.08%)
Private Capital 1,542,753 sh (+26.75%)
Chuck Royce 7,800,258 sh (+0.32%)
Alan Fournier Sold Out
John Burbank Sold Out
PRIMECAP Management 7,710,300 sh (-4.34%)
Jim Simons 144,824 sh (-65.54%)
» More
Q1 2015

ASNA Guru Trades in Q1 2015

Third Avenue Management 279,212 sh (New)
PRIMECAP Management 10,168,200 sh (+31.88%)
Private Capital 1,576,673 sh (+2.20%)
David Dreman Sold Out
Jim Simons Sold Out
Chuck Royce 7,473,313 sh (-4.19%)
Paul Tudor Jones 32,875 sh (-71.35%)
» More
» Details

Insider Trades

Latest Guru Trades with ASNA

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Guru Investment Theses on Ascena Retail Group Inc

Third Avenue Management Comments on Ascena - Jul 02, 2013


Ascena Retail Group (ASNA) is a specialty retailer primarily serving the female demographic within the U.S. While history has shown that retailing can be a very tough business over the long-term, there are multiple elements of Ascena we find unusually attractive. That we had owned its predecessor, Dress Barn, nearly 10 years ago and have followed the company's development in more recent years, only increased our comfort level.

• Portfolio of niche brands. By operating a portfolio of diversified brands, Ascena is not overly reliant on the success of any one of them. Moreover, each of the brands operates separate stores within niche markets and faces very little in the way of direct competition, unlike most apparel retailers. Ascena's primary brands are Dress Barn, Lane Bryant, Catherines, Maurices and Justice and each cater to different niches of the female population based on age, geography, and size (with multiple brands targeting plus size customers, for example). While each brand largely operates autonomously, Ascena employs a unique shared services model whereby the back office functions of all the brands are centralized, thus driving efficiencies across the portfolio and allowing the brands to focus on their customers.

• Strong, aligned management. Ascena's management team owns a significant piece of the company and has a long track record of successfully growing the company by identifying, acquiring and integrating brands into its portfolio without compromising Ascena's strong financial position. While the most recent acquisition of Lane Bryant and Catherines (via the acquisition last year of their holding company Charming Shoppes) has experienced hiccups, we believe Management will ultimately prove successful with its integration strategy and that the current integration period will ultimately prove to just be a pause in the company's long-term track record of creating value for shareholders. Encouragingly, Ascena announced a new president for Lane Bryant shortly following our investment in the company. The new president has been well-received given her stellar track record running The Limited for the last six years and removes a significant question mark as the brand had been without a president since last fall.

• Attractive valuation. Shares of Ascena were purchased at a relatively undemanding 6x EBITDA,equating to roughly a 6% to 7% free cash flow yield.

From Third Avenue Management's semi-annual 2013 commentary.


Check out Third Avenue Management latest stock trades

Top Ranked Articles about Ascena Retail Group Inc

Weekly 3-Year Low Highlights: TNH, ASNA, TDW, AAN
According to GuruFocus list of 3-year lows; Terra Nitrogen Co LP, Ascena Retail Group Inc, Tidewater Inc, and Aaron’s Inc, have all reached their 3-year lows. Read more...
Ascena Retail Group with 8% Free Cash Flow Yield
It is no secret that the retail environment is brutal nowadays. However, the current earning disappointments present great investment opportunities for those investors willing to look through the current headwinds. In fact, everything goes through a cycle, and the retail industry is just going through a down cycle. Today, I would like to share my new finding, Ascena Retail Group (ASNA). It is a retailer with a focus on female shoppers and a 40% upside potential, even under my conservative assumptions. I believe that this investment is worth exploring further, and my analysis below should help provide more insight. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 21.90
ASNA's P/E(ttm) is ranked higher than
52% of the 802 Companies
in the Global Apparel Stores industry.

( Industry Median: 22.60 vs. ASNA: 21.90 )
Ranked among companies with meaningful P/E(ttm) only.
ASNA' s 10-Year P/E(ttm) Range
Min: 5.74   Max: 26.75
Current: 21.9

5.74
26.75
Forward P/E 17.12
ASNA's Forward P/E is ranked lower than
53% of the 698 Companies
in the Global Apparel Stores industry.

( Industry Median: 16.39 vs. ASNA: 17.12 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 21.90
ASNA's PE(NRI) is ranked higher than
51% of the 655 Companies
in the Global Apparel Stores industry.

( Industry Median: 22.50 vs. ASNA: 21.90 )
Ranked among companies with meaningful PE(NRI) only.
ASNA' s 10-Year PE(NRI) Range
Min: 5.69   Max: 25.73
Current: 21.9

5.69
25.73
P/B 1.40
ASNA's P/B is ranked higher than
64% of the 1052 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.90 vs. ASNA: 1.40 )
Ranked among companies with meaningful P/B only.
ASNA' s 10-Year P/B Range
Min: 0.71   Max: 4.23
Current: 1.4

0.71
4.23
P/S 0.50
ASNA's P/S is ranked higher than
59% of the 1051 Companies
in the Global Apparel Stores industry.

( Industry Median: 0.62 vs. ASNA: 0.50 )
Ranked among companies with meaningful P/S only.
ASNA' s 10-Year P/S Range
Min: 0.3   Max: 1.37
Current: 0.5

0.3
1.37
PFCF 82.20
ASNA's PFCF is ranked lower than
89% of the 695 Companies
in the Global Apparel Stores industry.

( Industry Median: 20.08 vs. ASNA: 82.20 )
Ranked among companies with meaningful PFCF only.
ASNA' s 10-Year PFCF Range
Min: 3.86   Max: 444.8
Current: 82.2

3.86
444.8
POCF 6.06
ASNA's POCF is ranked higher than
76% of the 651 Companies
in the Global Apparel Stores industry.

( Industry Median: 11.89 vs. ASNA: 6.06 )
Ranked among companies with meaningful POCF only.
ASNA' s 10-Year POCF Range
Min: 2.38   Max: 14.83
Current: 6.06

2.38
14.83
EV-to-EBIT 14.97
ASNA's EV-to-EBIT is ranked higher than
52% of the 700 Companies
in the Global Apparel Stores industry.

( Industry Median: 15.75 vs. ASNA: 14.97 )
Ranked among companies with meaningful EV-to-EBIT only.
ASNA' s 10-Year EV-to-EBIT Range
Min: 2.9   Max: 21.1
Current: 14.97

2.9
21.1
PEG 1.67
ASNA's PEG is ranked higher than
56% of the 318 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.90 vs. ASNA: 1.67 )
Ranked among companies with meaningful PEG only.
ASNA' s 10-Year PEG Range
Min: 0.16   Max: 12.87
Current: 1.67

0.16
12.87
Shiller P/E 15.00
ASNA's Shiller P/E is ranked higher than
72% of the 660 Companies
in the Global Apparel Stores industry.

( Industry Median: 23.70 vs. ASNA: 15.00 )
Ranked among companies with meaningful Shiller P/E only.
ASNA' s 10-Year Shiller P/E Range
Min: 7   Max: 43.9
Current: 15

7
43.9
Current Ratio 1.47
ASNA's Current Ratio is ranked lower than
55% of the 833 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.55 vs. ASNA: 1.47 )
Ranked among companies with meaningful Current Ratio only.
ASNA' s 10-Year Current Ratio Range
Min: 1.05   Max: 3.88
Current: 1.47

1.05
3.88
Quick Ratio 0.69
ASNA's Quick Ratio is ranked lower than
60% of the 833 Companies
in the Global Apparel Stores industry.

( Industry Median: 0.87 vs. ASNA: 0.69 )
Ranked among companies with meaningful Quick Ratio only.
ASNA' s 10-Year Quick Ratio Range
Min: 0.28   Max: 2.24
Current: 0.69

0.28
2.24
Days Inventory 92.01
ASNA's Days Inventory is ranked lower than
53% of the 839 Companies
in the Global Apparel Stores industry.

( Industry Median: 85.33 vs. ASNA: 92.01 )
Ranked among companies with meaningful Days Inventory only.
ASNA' s 10-Year Days Inventory Range
Min: 67.27   Max: 111.22
Current: 92.01

67.27
111.22

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.00
ASNA's Price/Tangible Book is ranked lower than
53% of the 1052 Companies
in the Global Apparel Stores industry.

( Industry Median: 2.60 vs. ASNA: 3.00 )
Ranked among companies with meaningful Price/Tangible Book only.
ASNA' s 10-Year Price/Tangible Book Range
Min: 1.02   Max: 36.81
Current: 3

1.02
36.81
Price/DCF (Projected) 0.70
ASNA's Price/DCF (Projected) is ranked higher than
85% of the 661 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.30 vs. ASNA: 0.70 )
Ranked among companies with meaningful Price/DCF (Projected) only.
ASNA' s 10-Year Price/DCF (Projected) Range
Min: 0.38   Max: 1.9
Current: 0.7

0.38
1.9
Price/Median PS Value 0.70
ASNA's Price/Median PS Value is ranked higher than
89% of the 1053 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.10 vs. ASNA: 0.70 )
Ranked among companies with meaningful Price/Median PS Value only.
ASNA' s 10-Year Price/Median PS Value Range
Min: 0.51   Max: 1.81
Current: 0.7

0.51
1.81
Price/Graham Number 1.70
ASNA's Price/Graham Number is ranked higher than
59% of the 844 Companies
in the Global Apparel Stores industry.

( Industry Median: 1.80 vs. ASNA: 1.70 )
Ranked among companies with meaningful Price/Graham Number only.
ASNA' s 10-Year Price/Graham Number Range
Min: 0.65   Max: 5.77
Current: 1.7

0.65
5.77
Earnings Yield (Greenblatt) 7.00
ASNA's Earnings Yield (Greenblatt) is ranked higher than
63% of the 999 Companies
in the Global Apparel Stores industry.

( Industry Median: 5.20 vs. ASNA: 7.00 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
ASNA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.7   Max: 34.1
Current: 7

4.7
34.1
Forward Rate of Return (Yacktman) 9.67
ASNA's Forward Rate of Return (Yacktman) is ranked higher than
58% of the 491 Companies
in the Global Apparel Stores industry.

( Industry Median: 7.42 vs. ASNA: 9.67 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) only.
ASNA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.5   Max: 57.4
Current: 9.67

1.5
57.4

Analyst Estimate

Jul15 Jul16
Revenue(Mil) 4,846 4,978
EPS($) 0.71 0.88
EPS without NRI($) 0.71 0.88

Business Description

Industry: Retail - Apparel & Specialty » Apparel Stores
Compare:IDEXY, ARO, TJX, FRCOF, ROST » details
Traded in other countries:AHR.Germany,
Ascena Retail Group Inc is a Delaware corporation. The Company is a specialty retailer of apparel for women, and tween girls and boys, and operates, through its wholly owned subsidiaries. It mainly offers apparel, accessories, footwear, and lifestyle products, such as bedroom furnishings and electronics. The Company's businesses segments include: Justice, Lane Bryant, maurices, dressbarn and Catherines. The Justice segment includes approximately 971 specialty retail and outlet stores, e-commerce operations, and certain licensed franchises in international territories. The Justice brand offers fashionable apparel to girls who are ages 7 to 14 in an environment designed to match the energetic lifestyle of tween girls. The Lane Bryant segment includes approximately 877 specialty retail and outlet stores, and e-commerce operations. The Lane Bryant brand offers fashionable and sophisticated plus-size apparel under multiple private labels to female customers in the 25 to 45 age range. The maurices segment includes approximately 877 specialty retail and outlet stores, and e-commerce operations. The maurices brand offers up-to-date fashion designed to appeal to the 17 to 34 year-old female, with stores concentrated in small markets (approximately 25,000 to 100,000 people). The dressbarn segment includes approximately 826 specialty retail and outlet stores, and e-commerce operations. The dressbarn brand mainly attracts female consumers in the mid-30 to mid-50's age range and offers moderate-to-better quality career, special occasion and casual fashion to the working woman. The Catherines segment includes approximately 397 specialty retail and outlet stores, and e-commerce operations. The Catherines brand offers classic apparel and accessories for wear-to-work and casual lifestyles in a full range of plus sizes, generally catering to the female customer 45 years and older. It operates approximately 3,900 stores throughout the United States, Puerto Rico and Canada. The Company's main competitors are Walmart, Macy's, JCPenney, Kohl's, Old Navy, Aeropostale and Target. The Company is subject to income taxes in the United States and numerous international jurisdictions.
» More Articles for ASNA

Headlines

Articles On GuruFocus.com
Ascena Retail To Buy Ann Inc. For $2.15 Billion May 22 2015 
Ascena In The Process Of Acquiring Ann Taylor May 21 2015 
Royce Funds Commentary - Bill Hench on Consumer and Tech Stocks Mar 01 2015 
Royce Deals in His Top 20 Holdings in Fourth Quarter Feb 11 2015 
Private Capital Reduces Holdings in Healthcare Stocks Dec 18 2014 
This Retailer's Resilient Performance Makes It a Smart Investment Dec 12 2014 
maurices Achieves Exceptional Results With Interactive Shoppable Video Nov 20 2014 
Staying Away From This Specialty Retailer Is the Only Option Oct 20 2014 
Urban Outfitters' Price Touched Its 52- Week Level; And Now? Oct 20 2014 
Weekly 3-Year Low Highlights: TNH, ASNA, TDW, AAN Oct 19 2014 

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