Sapience Investments LLC boosted its position in shares of Ascena Retail Group Inc (NASDAQ:ASNA) by 2.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,019,825 shares of the specialty retailer’s stock after buying an additional 128,580 shares during the quarter. Ascena Retail Group makes up about 1.9% of Sapience Investments LLC’s holdings, making the stock its 17th biggest holding. Sapience Investments LLC owned about 3.07% of Ascena Retail Group worth $14,147,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ASNA. Towle & Co. raised its holdings in Ascena Retail Group by 92.2% during the 4th quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock valued at $19,666,000 after buying an additional 4,015,210 shares during the last quarter. Okumus Fund Management Ltd. bought a new stake in Ascena Retail Group during the 3rd quarter valued at $2,227,000. Renaissance Technologies LLC raised its holdings in Ascena Retail Group by 1,559.1% during the 4th quarter. Renaissance Technologies LLC now owns 960,600 shares of the specialty retailer’s stock valued at $2,257,000 after buying an additional 902,700 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Ascena Retail Group by 131.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,321,737 shares of the specialty retailer’s stock valued at $3,239,000 after buying an additional 750,401 shares during the last quarter. Finally, Tenzing Global Management LLC bought a new stake in Ascena Retail Group during the 3rd quarter valued at $1,593,000. Institutional investors own 91.64% of the company’s stock.
Several brokerages have commented on ASNA. B. Riley decreased their price objective on shares of Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Tuesday, December 5th. BidaskClub upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.60.
Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Monday, March 5th. The specialty retailer reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.03). Ascena Retail Group had a positive return on equity of 2.02% and a negative net margin of 16.52%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts predict that Ascena Retail Group Inc will post -0.06 earnings per share for the current fiscal year.
In other news, Director Krill Katherine Lawther sold 19,400 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $2.33, for a total value of $45,202.00. Following the sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.02% of the stock is owned by corporate insiders.
Ascena Retail Group 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.
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