BidaskClub upgraded shares of Ascena Retail Group (NASDAQ:ASNA) from a hold rating to a buy rating in a research report released on Wednesday.
Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Ascena Retail Group from a sell rating to a hold rating in a research note on Tuesday, February 6th. B. Riley reduced their price target on shares of Ascena Retail Group from $3.00 to $2.50 and set a neutral rating for the company in a research report on Tuesday, December 5th. KeyCorp reissued a hold rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $2.75.
Ascena Retail Group (ASNA) traded down $0.04 during trading hours on Wednesday, hitting $2.27. 1,142,100 shares of the stock traded hands, compared to its average volume of 1,955,654. The company has a market cap of $452.85, a price-to-earnings ratio of 16.50 and a beta of 1.93. The company has a quick ratio of 0.55, a current ratio of 1.36 and a debt-to-equity ratio of 2.24. Ascena Retail Group has a 12 month low of $1.65 and a 12 month high of $4.77.
In related news, Director Krill Katherine Lawther sold 19,400 shares of Ascena Retail Group stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $2.33, for a total value of $45,202.00. Following the completion of the sale, the director now 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 SEC, which is accessible through the SEC website. Company insiders own 8.02% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its holdings in Ascena Retail Group by 298.9% during the 4th 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 purchased a new position in Ascena Retail Group during the 3rd quarter worth $133,000. Virtu KCG Holdings LLC boosted its holdings in Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 21,823 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Ascena Retail Group during the 3rd quarter worth $172,000. Finally, Stevens Capital Management LP boosted its holdings in Ascena Retail Group by 230.3% during the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after acquiring an additional 53,622 shares during the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.
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About Ascena Retail Group
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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