ICM Asset Management Inc. WA boosted its stake in Ascena Retail Group Inc (NASDAQ:ASNA) by 5.0% in the first quarter, HoldingsChannel.com reports. The firm owned 1,864,354 shares of the specialty retailer’s stock after buying an additional 88,400 shares during the period. Ascena Retail Group makes up about 1.5% of ICM Asset Management Inc. WA’s portfolio, making the stock its 18th largest position. ICM Asset Management Inc. WA’s holdings in Ascena Retail Group were worth $2,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Ascena Retail Group by 3.4% in the fourth quarter. BlackRock Inc. now owns 25,987,545 shares of the specialty retailer’s stock worth $65,227,000 after purchasing an additional 862,137 shares during the period. Vanguard Group Inc. grew its holdings in Ascena Retail Group by 4.5% in the third quarter. Vanguard Group Inc. now owns 16,605,882 shares of the specialty retailer’s stock worth $75,889,000 after purchasing an additional 708,559 shares during the period. Vanguard Group Inc grew its holdings in Ascena Retail Group by 4.5% in the third quarter. Vanguard Group Inc now owns 16,605,882 shares of the specialty retailer’s stock worth $75,889,000 after purchasing an additional 708,559 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ascena Retail Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 16,491,466 shares of the specialty retailer’s stock worth $75,367,000 after purchasing an additional 78,396 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Ascena Retail Group by 54.4% in the third quarter. Renaissance Technologies LLC now owns 7,223,240 shares of the specialty retailer’s stock worth $33,010,000 after purchasing an additional 2,545,040 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

A number of research firms have commented on ASNA. ValuEngine cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Tuesday, January 15th. Citigroup raised shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price objective on the stock in a research note on Wednesday, April 3rd. Finally, BidaskClub lowered shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 25th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $3.26.

Shares of Ascena Retail Group stock traded down $0.03 during trading hours on Monday, reaching $1.16. The company’s stock had a trading volume of 3,439,876 shares, compared to its average volume of 3,398,947. Ascena Retail Group Inc has a one year low of $0.97 and a one year high of $5.28. The firm has a market capitalization of $222.27 million, a price-to-earnings ratio of -57.50 and a beta of 1.35. The company has a current ratio of 1.28, a quick ratio of 0.51 and a debt-to-equity ratio of 1.79.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted ($0.12) earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that Ascena Retail Group Inc will post -0.45 EPS for the current year.

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About Ascena Retail Group

Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.

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

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