Ascena Retail Group Inc (ASNA) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of Ascena Retail Group Inc (NASDAQ:ASNA) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 737,604 shares of the specialty retailer’s stock after selling 351,975 shares during the quarter. Bank of America Corp DE’s holdings in Ascena Retail Group were worth $1,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASNA. Magnus Financial Group LLC bought a new stake in Ascena Retail Group during the fourth quarter valued at $60,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Ascena Retail Group during the fourth quarter valued at about $66,000. NumerixS Investment Technologies Inc acquired a new position in shares of Ascena Retail Group during the fourth quarter valued at about $100,000. LS Investment Advisors LLC raised its holdings in shares of Ascena Retail Group by 1,572.3% during the fourth quarter. LS Investment Advisors LLC now owns 82,846 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 77,892 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Ascena Retail Group by 67.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 96,096 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 38,601 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

ASNA opened at $1.30 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.51 and a debt-to-equity ratio of 1.79. Ascena Retail Group Inc has a fifty-two week low of $0.97 and a fifty-two week high of $5.28. The stock has a market capitalization of $256.84 million, a P/E ratio of -65.00 and a beta of 1.40.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned ($0.12) EPS. The company’s revenue was down 1.5% on a year-over-year basis. Equities analysts forecast that Ascena Retail Group Inc will post -0.45 EPS for the current fiscal year.

Several brokerages have recently weighed in on ASNA. Citigroup upgraded shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price objective on the stock in a report on Wednesday, April 3rd. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Finally, BidaskClub lowered shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Ascena Retail Group currently has an average rating of “Hold” and an average price target of $3.26.

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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.

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

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