California Public Employees Retirement System grew its stake in Ascena Retail Group Inc (NASDAQ:ASNA) by 41.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,752,142 shares of the specialty retailer’s stock after acquiring an additional 516,883 shares during the period. California Public Employees Retirement System owned 0.89% of Ascena Retail Group worth $4,293,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Ascena Retail Group in the 2nd quarter valued at about $206,000. Boothbay Fund Management LLC bought a new position in shares of Ascena Retail Group in the 3rd quarter valued at about $133,000. Virtu KCG Holdings LLC grew its holdings in shares of Ascena Retail Group by 47.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after acquiring an additional 21,823 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Ascena Retail Group in the 3rd quarter valued at about $172,000. Finally, Stevens Capital Management LP grew its holdings in shares of Ascena Retail Group by 230.3% in the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock valued at $188,000 after acquiring an additional 53,622 shares in the last quarter. Institutional investors own 94.92% of the company’s stock.
In related news, Director Krill Katherine Lawther sold 19,400 shares of Ascena Retail Group stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the transaction, the director now owns 108,957 shares in the company, valued at $253,869.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.02% of the company’s stock.
Several equities analysts have recently weighed in on the company. BidaskClub cut Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. B. Riley decreased their price objective on Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Tuesday, December 5th. KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Finally, ValuEngine cut Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Ascena Retail Group currently has a consensus rating of “Hold” and an average price target of $2.75.
Ascena Retail Group Inc (ASNA) opened at $2.01 on Thursday. Ascena Retail Group Inc has a 1-year low of $1.65 and a 1-year high of $5.94. The company has a current ratio of 1.36, a quick ratio of 0.55 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $394.04, a PE ratio of -0.36 and a beta of 1.96.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $0.18 earnings per share. Ascena Retail Group’s quarterly revenue was down 5.3% on a year-over-year basis. analysts forecast that Ascena Retail Group Inc will post 0.15 EPS for the current fiscal year.
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Ascena Retail Group Company Profile
Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.
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