ICM Asset Management Inc. WA boosted its position in Ascena Retail Group Inc (NASDAQ:ASNA) by 107.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,521,935 shares of the specialty retailer’s stock after purchasing an additional 788,545 shares during the quarter. Ascena Retail Group comprises approximately 3.8% of ICM Asset Management Inc. WA’s investment portfolio, making the stock its 4th largest position. ICM Asset Management Inc. WA owned about 0.78% of Ascena Retail Group worth $3,577,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in Ascena Retail Group by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 143,707 shares of the specialty retailer’s stock valued at $309,000 after purchasing an additional 7,435 shares during the last quarter. Aperio Group LLC raised its stake in Ascena Retail Group by 51.3% in the 3rd quarter. Aperio Group LLC now owns 91,472 shares of the specialty retailer’s stock valued at $224,000 after purchasing an additional 31,005 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Ascena Retail Group by 298.9% in the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 36,884 shares during the last quarter. Geode Capital Management LLC raised its stake in Ascena Retail Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,489,466 shares of the specialty retailer’s stock valued at $3,500,000 after purchasing an additional 37,880 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Ascena Retail Group by 1.8% in the 4th quarter. OppenheimerFunds Inc. now owns 2,175,286 shares of the specialty retailer’s stock valued at $5,112,000 after purchasing an additional 38,235 shares during the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. B. Riley reduced their price objective on Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Tuesday, December 5th. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. ValuEngine downgraded Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. Finally, Zacks Investment Research downgraded Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Ascena Retail Group has an average rating of “Hold” and an average target price of $2.60.
Shares of Ascena Retail Group Inc (NASDAQ ASNA) opened at $2.01 on Tuesday. Ascena Retail Group Inc has a 52 week low of $1.65 and a 52 week high of $4.50. The stock has a market capitalization of $408.08, a price-to-earnings ratio of -0.37 and a beta of 1.76. The company has a quick ratio of 0.64, a current ratio of 1.29 and a debt-to-equity ratio of 2.26.
Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.65 billion. During the same period last year, the business earned ($0.07) earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. sell-side analysts anticipate that Ascena Retail Group Inc will post -0.06 earnings per share for the current fiscal year.
In other Ascena Retail Group news, Director Krill Katherine Lawther sold 195,600 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $2.45, for a total value of $479,220.00. Following the completion of the sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $266,944.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.02% of the stock is owned by company insiders.
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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.
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