The Strs Ohio Raises it position for Ascena Retail Group Inc. (ASNA)

The Strs Ohio Raises it position for Ascena Retail Group Inc. (ASNA)

Strs Ohio increased its position in Ascena Retail Group Inc. (NASDAQ:ASNA) by 25.7% during the second quarter, Holdings Channel reports. The institutional investor owned 132,600 shares of the company’s stock after buying an additional 27,100 shares during the period. Strs Ohio’s holdings in Ascena Retail Group were worth $926,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Stadium Capital Management LLC increased its position in shares of Ascena Retail Group by 33.7% in the first quarter. Stadium Capital Management LLC now owns 12,345,927 shares of the company’s stock worth $136,546,000 after buying an additional 3,113,869 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Ascena Retail Group by 0.7% in the first quarter. Primecap Management Co. CA now owns 10,242,100 shares of the company’s stock worth $113,278,000 after buying an additional 73,900 shares in 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 worth $64,038,000 after buying an additional 295,448 shares in the last quarter. 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 worth $55,994,000 after buying an additional 151,750 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Ascena Retail Group by 15.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,938,121 shares of the company’s stock worth $21,436,000 after buying an additional 265,229 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Ascena Retail Group Inc. (NASDAQ:ASNA) traded down 2.49% on Monday, hitting $5.09. 3,019,008 shares of the stock traded hands. Ascena Retail Group Inc. has a 1-year low of $5.09 and a 1-year high of $14.03. The stock has a 50-day moving average price of $6.57 and a 200 day moving average price of $7.66. The company’s market cap is $976.98 million.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. Ascena Retail Group had a negative net margin of 0.17% and a positive return on equity of 6.18%. The company earned $1.81 billion during the quarter. During the same quarter in the prior year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 54.9% compared to the same quarter last year. On average, analysts anticipate that Ascena Retail Group Inc. will post $0.61 EPS for the current fiscal year.

A number of research firms recently weighed in on ASNA. Telsey Advisory Group dropped their price target on shares of Ascena Retail Group from $9.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, September 20th. Citigroup Inc. dropped their price target on shares of Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, September 20th. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Cowen and Company dropped their price target on shares of Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday, September 20th. Finally, RBC Capital Markets downgraded shares of Ascena Retail Group from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $12.00 to $7.00 in a research note on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Ascena Retail Group has an average rating of “Hold” and a consensus target price of $9.80.

About Ascena Retail Group

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