Ascena Retail Group Inc (NASDAQ:ASNA) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $2.60.
Several equities research analysts recently weighed in on ASNA shares. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. BidaskClub upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. B. Riley dropped their price objective on shares of Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 6th. Finally, ValuEngine lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Friday.
Ascena Retail Group (ASNA) traded up $0.02 on Friday, reaching $2.05. 404,986 shares of the company traded hands, compared to its average volume of 2,016,407. The firm has a market capitalization of $394.35, a price-to-earnings ratio of -0.37 and a beta of 1.76. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $4.50. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26.
In other Ascena Retail Group news, Director Krill Katherine Lawther sold 19,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $2.33, for a total value of $45,202.00. Following the sale, the director now owns 108,957 shares in the company, valued at $253,869.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.02% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Ascena Retail Group by 2.5% in the fourth quarter. BlackRock Inc. now owns 22,179,752 shares of the specialty retailer’s stock valued at $52,123,000 after purchasing an additional 538,101 shares during the period. Towle & Co. boosted its holdings in shares of Ascena Retail Group by 92.2% in the fourth quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock valued at $19,666,000 after acquiring an additional 4,015,210 shares in the last quarter. Sapience Investments LLC boosted its holdings in shares of Ascena Retail Group by 2.2% in the fourth quarter. Sapience Investments LLC now owns 6,019,825 shares of the specialty retailer’s stock valued at $14,147,000 after acquiring an additional 128,580 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Ascena Retail Group by 1.2% in the third quarter. Sterling Capital Management LLC now owns 4,865,249 shares of the specialty retailer’s stock valued at $11,920,000 after acquiring an additional 55,539 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Ascena Retail Group by 1.8% in the fourth quarter. OppenheimerFunds Inc. now owns 2,175,286 shares of the specialty retailer’s stock valued at $5,112,000 after acquiring an additional 38,235 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.
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About Ascena Retail Group
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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