Insider Selling: Ascena Retail Group SVP Sells 2,054 Shares of Stock (ASNA)
Ascena Retail Group (NASDAQ:ASNA) SVP Gene Wexler sold 2,054 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $17.05, for a total transaction of $35,020.70. Following the completion of the transaction, the senior vice president now directly owns 4,529 shares of the company’s stock, valued at approximately $77,219. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ASNA. Analysts at Susquehanna cut their price target on shares of Ascena Retail Group from $24.00 to $21.00 in a research note on Thursday, June 5th. Separately, analysts at FBR Capital Markets cut their price target on shares of Ascena Retail Group from $21.00 to $17.00 in a research note on Wednesday, June 4th. They now have a “market perform” rating on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Ascena Retail Group from $23.00 to $18.00 in a research note on Wednesday, June 4th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.71.
Shares of Ascena Retail Group (NASDAQ:ASNA) traded up 0.58% during mid-day trading on Tuesday, hitting $17.28. 1,142,711 shares of the company’s stock traded hands. Ascena Retail Group has a 1-year low of $15.99 and a 1-year high of $23.14. The stock’s 50-day moving average is $17.08 and its 200-day moving average is $18.39. The company has a market cap of $2.771 billion and a P/E ratio of 19.28.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Tuesday, June 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Ascena Retail Group will post $1.04 EPS for the current fiscal year.
Ascena Retail Group, Inc (NASDAQ:ASNA) is a national specialty retailer of apparel for women and teen girls operating, through its wholly owned subsidiaries, the Justice; Lane Bryant; maurices; dressbarn; and Catherines.
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