Ascena Retail Group Inc (NASDAQ:ASNA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.39, but opened at $2.47. Ascena Retail Group shares last traded at $2.61, with a volume of 8822600 shares changing hands.
Several research firms recently commented on ASNA. B. Riley dropped their price objective on Ascena Retail Group from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Tuesday. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Saturday. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. ValuEngine cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.36.
The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.20. The firm has a market cap of $397.90, a PE ratio of 11.76 and a beta of 1.96.
Large investors have recently made changes to their positions in the business. Northwestern Mutual Investment Management Company LLC purchased a new position in Ascena Retail Group in the second quarter worth about $206,000. Public Employees Retirement System of Ohio boosted its position in 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 worth $197,000 after purchasing an additional 12,362 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Ascena Retail Group in the third quarter worth about $133,000. Virtu KCG Holdings LLC boosted its position in Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 21,823 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Ascena Retail Group in the third quarter worth about $172,000. 95.06% of the stock is currently owned by institutional investors and hedge funds.
About Ascena Retail Group
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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