Ascena Retail Group (ASNA) Cut to “Sell” at ValuEngine
Ascena Retail Group (NASDAQ:ASNA) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.
ASNA has been the subject of several other reports. Zacks Investment Research downgraded Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. BidaskClub upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. B. Riley lowered their price objective on Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating for the company in a research report on Tuesday, March 6th. Finally, KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Ascena Retail Group has a consensus rating of “Hold” and a consensus target price of $2.60.
Ascena Retail Group (ASNA) opened at $2.01 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.29 and a quick ratio of 0.55. The company has a market capitalization of $394.35, a PE ratio of 22.33 and a beta of 1.76. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $4.50.
In other news, Director Krill Katherine Lawther sold 19,400 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the transaction, the director now directly owns 108,957 shares in the company, valued at $253,869.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.02% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Ascena Retail Group by 298.9% during the fourth quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock worth $116,000 after acquiring an additional 36,884 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Ascena Retail Group during the third quarter worth approximately $133,000. Crossmark Global Holdings Inc. acquired a new stake in Ascena Retail Group during the third quarter worth approximately $172,000. Stevens Capital Management LP grew its stake in Ascena Retail Group by 230.3% during the third quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 53,622 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in Ascena Retail Group during the fourth quarter worth approximately $181,000. Institutional investors own 91.71% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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