Crossmark Global Holdings Inc. Takes $172,000 Position in Ascena Retail Group Inc (ASNA)

Crossmark Global Holdings Inc. purchased a new stake in shares of Ascena Retail Group Inc (NASDAQ:ASNA) in the third quarter, according to its most recent filing with the SEC. The firm purchased 70,032 shares of the specialty retailer’s stock, valued at approximately $172,000.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Ascena Retail Group during the 2nd quarter valued at approximately $206,000. Public Employees Retirement System of Ohio grew its stake in Ascena Retail Group by 36.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 12,362 shares during the period. Virtu KCG Holdings LLC grew its stake in Ascena Retail Group by 47.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 21,823 shares during the period. M&T Bank Corp grew its stake in Ascena Retail Group by 2.3% in the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after acquiring an additional 1,739 shares during the period. Finally, Aperio Group LLC grew its stake in Ascena Retail Group by 51.3% in the 3rd quarter. Aperio Group LLC now owns 91,472 shares of the specialty retailer’s stock worth $224,000 after acquiring an additional 31,005 shares during the period. Institutional investors own 95.06% of the company’s stock.

Several analysts have commented on ASNA shares. BidaskClub cut shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a research note on Wednesday, October 11th. Royal Bank Of Canada set a $3.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Saturday, October 7th. Finally, ValuEngine cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.50.

Shares of Ascena Retail Group Inc (NASDAQ:ASNA) opened at $2.61 on Tuesday. The firm has a market cap of $484.14, a PE ratio of 11.76 and a beta of 1.96. Ascena Retail Group Inc has a 1 year low of $1.65 and a 1 year high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. 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 $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. Ascena Retail Group’s quarterly revenue was down 5.3% on a year-over-year basis. equities research analysts forecast that Ascena Retail Group Inc will post 0.23 earnings per share for the current fiscal year.

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Ascena Retail Group 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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