- Ascena Retail (ASNA -3.5%) is down again after cutting guidance yesterday.
- Shares of the specialty retailer are now down 35% in a month on growing concerns over sales demand, margins and border taxes.
- It's all quiet on Wall Street where 8 firms had Hold ratings on ASNA through the slide and one outlier (Piper Jaffray) stuck with a Buy rating. Meanwhile on Seeking Alpha, Christopher Davis weighs in on the Ascena "catastrophe" and Josh Arnold probably deserves to take a victory lap for his negative call in December.
- Previously: Holiday sales disappoint at Ascena Retail Group (Jan. 10)
- Previously: Ascena Retail Group craters after guidance update (Jan. 10)