Legal & General Group Plc raised its stake in shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,959 shares of the specialty retailer’s stock after buying an additional 46,637 shares during the period. Legal & General Group Plc’s holdings in Ascena Retail Group were worth $2,502,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Highbridge Capital Management LLC raised its position in Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 26,909 shares in the last quarter. Mason Street Advisors LLC raised its position in 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 valued at $169,000 after buying an additional 2,595 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Ascena Retail Group during the first quarter worth about $181,000. Louisiana State Employees Retirement System raised its stake 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 period. Finally, Clinton Group Inc. raised its stake in shares of Ascena Retail Group by 24.0% in the first quarter. Clinton Group Inc. now owns 72,256 shares of the specialty retailer’s stock worth $308,000 after buying an additional 14,001 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Ascena Retail Group, Inc. (ASNA) traded up 0.83% during midday trading on Tuesday, hitting $2.43. 2,243,432 shares of the stock traded hands. Ascena Retail Group, Inc. has a 52-week low of $1.65 and a 52-week high of $9.11. The firm’s 50-day moving average is $2.16 and its 200-day moving average is $3.45. The company’s market cap is $466.32 million.

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

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ASNA has been the topic of a number of recent analyst reports. Telsey Advisory Group cut their price target on shares of Ascena Retail Group from $6.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, May 18th. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, June 9th. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada set a $5.00 price target on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Monday, June 12th. Finally, Cowen and Company reissued a “market perform” rating and issued a $2.00 price target (down previously from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.50.

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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