BidaskClub cut shares of Ascena Retail Group (NASDAQ:ASNA) from a buy rating to a hold rating in a research report report published on Thursday morning.
Other equities research analysts have also issued research reports about 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. KeyCorp restated a hold rating on shares of Ascena Retail Group in a research note on Thursday, November 16th. Finally, B. Riley decreased 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 note on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $2.60.
Ascena Retail Group (NASDAQ ASNA) opened at $2.01 on Thursday. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $4.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.64 and a current ratio of 1.29. The company has a market cap of $394.35, a P/E ratio of 22.33 and a beta of 1.76.
In other news, Director Krill Katherine Lawther sold 19,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the sale, the director now owns 108,957 shares in the company, valued at approximately $253,869.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.02% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Ascena Retail Group by 2.5% in the 4th quarter. BlackRock Inc. now owns 22,179,752 shares of the specialty retailer’s stock valued at $52,123,000 after buying an additional 538,101 shares in the last quarter. Vanguard Group Inc. grew its stake in Ascena Retail Group by 14.5% in the 2nd quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock valued at $35,763,000 after buying an additional 2,101,044 shares in the last quarter. Towle & Co. grew its stake in Ascena Retail Group by 92.2% in 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 in the last quarter. Sapience Investments LLC grew its stake in Ascena Retail Group by 2.2% in the 4th quarter. Sapience Investments LLC now owns 6,019,825 shares of the specialty retailer’s stock valued at $14,147,000 after buying an additional 128,580 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Ascena Retail Group by 1.2% in the 3rd quarter. Sterling Capital Management LLC now owns 4,865,249 shares of the specialty retailer’s stock valued at $11,920,000 after buying an additional 55,539 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3256964/ascena-retail-group-asna-downgraded-to-hold-at-bidaskclub.html.
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.
Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.