Ascena Retail Group Inc (ASNA) Stake Lifted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in Ascena Retail Group Inc (NASDAQ:ASNA) by 49.1% during the 4th quarter, HoldingsChannel reports. The fund owned 87,745 shares of the specialty retailer’s stock after acquiring an additional 28,890 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Ascena Retail Group were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Ascena Retail Group by 3.4% in the 4th quarter. BlackRock Inc. now owns 25,987,545 shares of the specialty retailer’s stock worth $65,227,000 after acquiring an additional 862,137 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ascena Retail Group by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,605,882 shares of the specialty retailer’s stock worth $75,889,000 after acquiring an additional 708,559 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Ascena Retail Group by 4.5% in the 3rd quarter. Vanguard Group Inc now owns 16,605,882 shares of the specialty retailer’s stock worth $75,889,000 after acquiring an additional 708,559 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ascena Retail Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 16,491,466 shares of the specialty retailer’s stock worth $75,367,000 after acquiring an additional 78,396 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ascena Retail Group by 54.4% in the 3rd quarter. Renaissance Technologies LLC now owns 7,223,240 shares of the specialty retailer’s stock worth $33,010,000 after acquiring an additional 2,545,040 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ASNA opened at $1.18 on Wednesday. Ascena Retail Group Inc has a 52-week low of $0.97 and a 52-week high of $5.28. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.51 and a current ratio of 1.28.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). Ascena Retail Group had a negative return on equity of 5.27% and a negative net margin of 1.11%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted ($0.12) EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts expect that Ascena Retail Group Inc will post -0.45 earnings per share for the current fiscal year.

Several brokerages have recently commented on ASNA. Citigroup raised Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 target price on the stock in a report on Wednesday, April 3rd. ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Zacks Investment Research downgraded Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Finally, BidaskClub downgraded Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $3.26.

COPYRIGHT VIOLATION WARNING: “Ascena Retail Group Inc (ASNA) Stake Lifted by D. E. Shaw & Co. Inc.” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.com-unik.info/2019/04/17/ascena-retail-group-inc-asna-stake-lifted-by-d-e-shaw-co-inc.html.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.

Read More: What is included in the gross domestic product?

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


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