UBS Asset Management Americas Inc. Maintains Stake in Ascena Retail Group, Inc. (ASNA)

UBS Asset Management Americas Inc. maintained its stake in shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,373 shares of the specialty retailer’s stock at the close of the 2nd quarter. UBS Asset Management Americas Inc. owned approximately 0.07% of Ascena Retail Group worth $280,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Peak Capital Management LLC bought a new stake in shares of Ascena Retail Group in the second quarter valued at approximately $108,000. BlueCrest Capital Management Ltd boosted its stake in shares of Ascena Retail Group by 196.6% in the first quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock valued at $155,000 after buying an additional 24,132 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Ascena Retail Group by 36.6% in the first quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 12,362 shares during the period. Airain ltd bought a new stake in shares of Ascena Retail Group in the second quarter valued at approximately $202,000. Finally, Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Ascena Retail Group in the second quarter valued at approximately $206,000. Institutional investors and hedge funds own 95.34% of the company’s stock.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the firm earned $0.08 EPS. The business’s quarterly revenue was down 8.5% compared to the same quarter last year.

ASNA has been the subject of several recent research reports. BidaskClub upgraded Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co set a $3.00 price target on Ascena Retail Group and gave the company a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Royal Bank Of Canada cut their price target on Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a research note on Friday, October 6th. Finally, KeyCorp reiterated a “hold” rating on shares of Ascena Retail Group in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.50.

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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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Institutional Ownership by Quarter for Ascena Retail Group (NASDAQ:ASNA)

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