Wedge Capital Management L L P NC Purchases Shares of 106,441 Ascena Retail Group Inc (ASNA)

Wedge Capital Management L L P NC purchased a new stake in shares of Ascena Retail Group Inc (NASDAQ:ASNA) during the fourth quarter, HoldingsChannel reports. The fund purchased 106,441 shares of the specialty retailer’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boothbay Fund Management LLC purchased a new position in shares of Ascena Retail Group during the 3rd quarter valued at $133,000. Virtu KCG Holdings LLC lifted its position in shares of Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 21,823 shares during the last quarter. M&T Bank Corp lifted its position in shares of Ascena Retail Group by 2.3% during the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after buying an additional 1,739 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Ascena Retail Group during the 3rd quarter valued at $172,000. Finally, Stevens Capital Management LP lifted its position in shares of Ascena Retail Group by 230.3% during the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock valued at $188,000 after buying an additional 53,622 shares during the last quarter. 95.01% of the stock is currently owned by hedge funds and other institutional investors.

ASNA has been the topic of a number of recent research reports. Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. FBR & Co set a $3.00 price target on Ascena Retail Group and gave the company a “hold” rating in a research report on Tuesday, October 17th. 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, BidaskClub cut Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Shares of Ascena Retail Group Inc (ASNA) opened at $1.94 on Friday. The stock has a market capitalization of $368.55, a PE ratio of -0.35 and a beta of 1.93. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.55 and a current ratio of 1.36. Ascena Retail Group Inc has a 1-year low of $1.65 and a 1-year high of $5.50.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. analysts expect that Ascena Retail Group Inc will post 0.15 earnings per share for the current fiscal year.

In related news, Director Krill Katherine Lawther sold 19,400 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $2.33, for a total transaction of $45,202.00. Following the sale, the director now owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Wedge Capital Management L L P NC Purchases Shares of 106,441 Ascena Retail Group Inc (ASNA)” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.com-unik.info/2018/02/10/wedge-capital-management-l-l-p-nc-purchases-shares-of-106441-ascena-retail-group-inc-asna.html.

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.

Want to see what other hedge funds are holding ASNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ascena Retail Group Inc (NASDAQ:ASNA).

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

Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit