Canada Pension Plan Investment Board Has $661,000 Position in Ascena Retail Group Inc (ASNA)

Canada Pension Plan Investment Board lessened its holdings in Ascena Retail Group Inc (NASDAQ:ASNA) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 269,800 shares of the specialty retailer’s stock after selling 79,700 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.14% of Ascena Retail Group worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ASNA. Texas Permanent School Fund raised its stake in Ascena Retail Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock valued at $266,000 after buying an additional 1,145 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after purchasing an additional 1,739 shares during the period. Metropolitan Life Insurance Co. NY increased its holdings in shares of Ascena Retail Group by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock valued at $501,000 after purchasing an additional 3,217 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Ascena Retail Group by 4.6% in the second quarter. Thrivent Financial For Lutherans now owns 101,540 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 4,420 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Ascena Retail Group by 0.4% in the second quarter. Principal Financial Group Inc. now owns 1,317,805 shares of the specialty retailer’s stock valued at $2,833,000 after purchasing an additional 4,802 shares during the period. Institutional investors and hedge funds own 95.06% of the company’s stock.

Ascena Retail Group Inc (NASDAQ:ASNA) traded down $0.07 during mid-day trading on Wednesday, reaching $2.03. The company’s stock had a trading volume of 3,199,397 shares, compared to its average volume of 3,205,193. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.20. The firm has a market capitalization of $511.66, a PE ratio of 18.64 and a beta of 1.96. Ascena Retail Group Inc has a one year low of $1.65 and a one year high of $8.19.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Ascena Retail Group had a positive return on equity of 2.32% and a negative net margin of 16.39%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. analysts predict that Ascena Retail Group Inc will post 0.23 EPS for the current fiscal year.

A number of research analysts have recently weighed in on ASNA shares. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada set a $3.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a report on Saturday, October 7th. ValuEngine lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, B. Riley reissued a “neutral” rating on shares of Ascena Retail Group in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Ascena Retail Group currently has an average rating of “Hold” and a consensus target price of $3.36.

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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.

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

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