Capstone Asset Management Co. held its position in shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,032 shares of the specialty retailer’s stock at the end of the second quarter. Capstone Asset Management Co.’s holdings in Ascena Retail Group were worth $151,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. BlueCrest Capital Management Ltd increased its position in shares of Ascena Retail Group by 196.6% in the first quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock worth $155,000 after buying an additional 24,132 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Ascena Retail Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock worth $169,000 after buying an additional 2,595 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Ascena Retail Group during the first quarter worth $181,000. Public Employees Retirement System of Ohio increased its position in shares of Ascena Retail Group by 36.6% in the first quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock worth $197,000 after buying an additional 12,362 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Ascena Retail Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer’s stock worth $294,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Ascena Retail Group, Inc. (NASDAQ ASNA) traded up 0.256% during trading on Wednesday, reaching $1.955. The company had a trading volume of 726,848 shares. Ascena Retail Group, Inc. has a 12-month low of $1.65 and a 12-month high of $9.12. The firm’s 50 day moving average price is $2.21 and its 200 day moving average price is $3.19. The firm’s market capitalization is $375.16 million.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Ascena Retail Group had a negative net margin of 15.25% and a positive return on equity of 2.96%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. Equities research analysts forecast that Ascena Retail Group, Inc. will post $0.13 EPS for the current year.
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A number of brokerages have recently weighed in on ASNA. BidaskClub downgraded Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Royal Bank Of Canada set a $5.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a research note on Saturday, May 13th. Cowen and Company reiterated a “market perform” rating and issued a $2.00 price objective (down previously from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.83.
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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