Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Ascena Retail Group Inc (NASDAQ:ASNA) by 55.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 349,760 shares of the specialty retailer’s stock after selling 427,502 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.18% of Ascena Retail Group worth $822,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASNA. Teacher Retirement System of Texas increased its position in shares of Ascena Retail Group by 298.9% during the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Ascena Retail Group during the 3rd quarter valued at approximately $133,000. Virtu KCG Holdings LLC increased its position in shares of Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after purchasing an additional 21,823 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Ascena Retail Group in the 3rd quarter valued at $172,000. Finally, Stevens Capital Management LP grew its position in 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 during the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.
In other Ascena Retail Group news, Director Krill Katherine Lawther sold 195,600 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $2.45, for a total value of $479,220.00. Following the completion of the sale, the director now directly owns 108,957 shares in the company, valued at approximately $266,944.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.02% of the stock is currently owned by corporate insiders.
Several brokerages have commented on ASNA. B. Riley reaffirmed a “neutral” rating on shares of Ascena Retail Group in a research report on Wednesday, November 1st. BidaskClub raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $2.75.
Ascena Retail Group Inc (NASDAQ ASNA) opened at $2.29 on Friday. The company has a market capitalization of $441.09, a price-to-earnings ratio of 16.07 and a beta of 1.93. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. Ascena Retail Group Inc has a 12-month low of $1.65 and a 12-month high of $5.18.
Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, December 4th. The specialty retailer reported $0.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate 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 period in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. equities research analysts expect that Ascena Retail Group Inc will post 0.15 earnings per share for the current fiscal year.
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Ascena Retail Group 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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