Ascena Retail Group (ASNA) Upgraded to Hold at BidaskClub
Ascena Retail Group (NASDAQ:ASNA) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.
Several other research analysts have also recently issued reports on ASNA. FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley restated a “neutral” rating on shares of Ascena Retail Group in a report on Wednesday, November 1st. Finally, KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.75.
Ascena Retail Group (ASNA) opened at $2.02 on Wednesday. Ascena Retail Group has a twelve month low of $1.65 and a twelve month high of $5.50. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. The stock has a market cap of $382.28, a price-to-earnings ratio of -0.37 and a beta of 1.93.
In related news, Director Krill Katherine Lawther sold 19,400 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the sale, the director now owns 108,957 shares in the company, valued at approximately $253,869.81. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.02% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ASNA. Teacher Retirement System of Texas raised its position in Ascena Retail Group by 298.9% during the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after buying an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Ascena Retail Group during the 3rd quarter worth $133,000. Virtu KCG Holdings LLC raised its position in Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after buying an additional 21,823 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Ascena Retail Group during the 3rd quarter worth $172,000. Finally, Stevens Capital Management LP raised its position in Ascena Retail Group by 230.3% during the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after buying an additional 53,622 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.
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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