Today: The ICM Asset Management Inc. WA Takes Position in Ascena Retail Group Inc. (ASNA)

The ICM Asset Management Inc. WA Takes Position in Ascena Retail Group Inc. (ASNA)

ICM Asset Management Inc. WA purchased a new stake in shares of Ascena Retail Group Inc. (NASDAQ:ASNA) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 156,445 shares of the company’s stock, valued at approximately $1,094,000. Ascena Retail Group comprises approximately 1.6% of ICM Asset Management Inc. WA’s portfolio, making the stock its 27th largest position.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its position in shares of Ascena Retail Group by 3.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,062,723 shares of the company’s stock valued at $55,994,000 after buying an additional 151,750 shares during the last quarter. BlackRock Inc. increased its position in shares of Ascena Retail Group by 12.1% in the first quarter. BlackRock Inc. now owns 73,665 shares of the company’s stock valued at $815,000 after buying an additional 7,931 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Ascena Retail Group by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,790,076 shares of the company’s stock valued at $64,038,000 after buying an additional 295,448 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ascena Retail Group by 16.2% in the first quarter. JPMorgan Chase & Co. now owns 268,980 shares of the company’s stock valued at $2,974,000 after buying an additional 37,430 shares during the last quarter. Finally, Ngam Advisors L.P. increased its position in shares of Ascena Retail Group by 50.8% in the first quarter. Ngam Advisors L.P. now owns 132,117 shares of the company’s stock valued at $1,461,000 after buying an additional 44,521 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) traded down 2.49% on Monday, reaching $5.09. The company’s stock had a trading volume of 3,019,008 shares. The firm has a 50 day moving average price of $6.67 and a 200-day moving average price of $7.74. The stock’s market cap is $976.98 million. Ascena Retail Group Inc. has a 12-month low of $5.09 and a 12-month high of $14.03.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 19th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. The company earned $1.81 billion during the quarter. Ascena Retail Group had a positive return on equity of 6.18% and a negative net margin of 0.17%. The company’s quarterly revenue was up 54.9% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts expect that Ascena Retail Group Inc. will post $0.61 EPS for the current year.

ASNA has been the subject of several analyst reports. Telsey Advisory Group reduced their price target on Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating for the company in a report on Tuesday, September 20th. Zacks Investment Research downgraded Ascena Retail Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 21st. FBR & Co reaffirmed a “hold” rating and set a $7.00 price objective on shares of Ascena Retail Group in a research report on Thursday, October 6th. Cowen and Company dropped their price objective on Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, September 20th. Finally, Citigroup Inc. dropped their price objective on Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.80.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines.

Related posts

Leave a Comment