Principal Financial Group Inc. raised its position in Ascena Retail Group, Inc. (NASDAQ:ASNA) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,313,003 shares of the specialty retailer’s stock after buying an additional 46,978 shares during the period. Principal Financial Group Inc.’s holdings in Ascena Retail Group were worth $5,594,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its stake in Ascena Retail Group by 87.8% in the first quarter. OppenheimerFunds Inc. now owns 1,328,507 shares of the specialty retailer’s stock worth $5,659,000 after buying an additional 621,280 shares during the period. Arizona State Retirement System raised its stake in Ascena Retail Group by 1.3% in the first quarter. Arizona State Retirement System now owns 88,300 shares of the specialty retailer’s stock worth $376,000 after buying an additional 1,100 shares during the period. Clinton Group Inc. raised its stake in Ascena Retail Group by 24.0% in the first quarter. Clinton Group Inc. now owns 72,256 shares of the specialty retailer’s stock worth $308,000 after buying an additional 14,001 shares during the period. Mason Street Advisors LLC raised its stake in Ascena Retail Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock worth $169,000 after buying an additional 2,595 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Ascena Retail Group during the first quarter worth approximately $181,000. Institutional investors and hedge funds own 97.16% of the company’s stock.
Ascena Retail Group, Inc. (ASNA) opened at 2.21 on Friday. Ascena Retail Group, Inc. has a 12-month low of $1.65 and a 12-month high of $9.12. The firm’s 50-day moving average price is $2.14 and its 200 day moving average price is $4.16. The firm’s market cap is $424.10 million.
Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Ascena Retail Group had a negative net margin of 15.25% and a positive return on equity of 2.96%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Ascena Retail Group’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts forecast that Ascena Retail Group, Inc. will post $0.12 earnings per share for the current fiscal year.
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A number of equities research analysts recently commented on the company. Royal Bank Of Canada set a $5.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research report on Monday, June 12th. Cowen and Company reaffirmed a “market perform” rating and set a $2.00 price objective (down previously from $6.00) on shares of Ascena Retail Group in a report on Sunday, June 11th. Zacks Investment Research downgraded Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, June 9th. ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Telsey Advisory Group reduced their price objective on Ascena Retail Group from $6.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Ascena Retail Group has an average rating of “Hold” and an average target price of $4.50.
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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