Airain ltd Buys New Holdings in Ascena Retail Group, Inc. (ASNA)

Airain ltd bought a new position in Ascena Retail Group, Inc. (NASDAQ:ASNA) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 93,996 shares of the specialty retailer’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlueCrest Capital Management Ltd increased its holdings in Ascena Retail Group by 196.6% in the 1st quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 24,132 shares in the last quarter. Mason Street Advisors LLC increased its holdings in Ascena Retail Group by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock worth $169,000 after purchasing an additional 2,595 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Ascena Retail Group in the 1st quarter worth about $181,000. Public Employees Retirement System of Ohio increased its holdings in Ascena Retail Group by 36.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 12,362 shares in the last quarter. Finally, Peak Capital Management LLC acquired a new position in Ascena Retail Group in the 2nd quarter worth about $108,000. 95.71% of the stock is owned by institutional investors and hedge funds.

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Shares of Ascena Retail Group, Inc. (ASNA) opened at 1.98 on Monday. The stock has a 50 day moving average price of $2.16 and a 200 day moving average price of $2.93. The firm’s market cap is $379.96 million. Ascena Retail Group, Inc. has a 52 week low of $1.65 and a 52 week high of $8.34.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Thursday, June 8th. The specialty retailer reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. Equities analysts expect that Ascena Retail Group, Inc. will post $0.13 earnings per share for the current year.

A number of equities analysts have issued reports on the company. FBR & Co set a $3.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Royal Bank Of Canada set a $5.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a report on Monday, June 12th. Cowen and Company reaffirmed a “market perform” rating and issued a $2.00 target price (down previously from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. Finally, BidaskClub raised Ascena Retail Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $3.83.

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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Institutional Ownership by Quarter for Ascena Retail Group (NASDAQ:ASNA)

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