Two Sigma Advisers LP Has $778,000 Stake in Ascena Retail Group (ASNA)

Two Sigma Advisers LP lifted its holdings in shares of Ascena Retail Group (NASDAQ:ASNA) by 34.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 331,070 shares of the specialty retailer’s stock after purchasing an additional 84,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.17% of Ascena Retail Group worth $778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. OppenheimerFunds Inc. grew its stake in Ascena Retail Group by 1.8% in the 4th quarter. OppenheimerFunds Inc. now owns 2,175,286 shares of the specialty retailer’s stock valued at $5,112,000 after buying an additional 38,235 shares during the last quarter. California Public Employees Retirement System grew its stake in Ascena Retail Group by 41.8% in the 3rd quarter. California Public Employees Retirement System now owns 1,752,142 shares of the specialty retailer’s stock valued at $4,293,000 after buying an additional 516,883 shares during the last quarter. Towle & Co. grew its stake in Ascena Retail Group by 92.2% in the 4th quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock valued at $19,666,000 after buying an additional 4,015,210 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Ascena Retail Group by 14.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,515,065 shares of the specialty retailer’s stock valued at $3,561,000 after buying an additional 193,328 shares during the last quarter. Finally, Royce & Associates LP grew its stake in Ascena Retail Group by 50.1% in the 3rd quarter. Royce & Associates LP now owns 919,468 shares of the specialty retailer’s stock valued at $2,253,000 after buying an additional 306,950 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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NASDAQ:ASNA opened at $2.24 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $4.11. The firm has a market capitalization of $435.55, a P/E ratio of 24.67 and a beta of 1.74.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Ascena Retail Group had a negative net margin of 16.52% and a positive return on equity of 2.02%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned ($0.07) earnings per share. Ascena Retail Group’s revenue for the quarter was down 1.7% on a year-over-year basis. research analysts forecast that Ascena Retail Group will post -0.06 EPS for the current year.

A number of research firms recently issued reports on ASNA. BidaskClub upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. B. Riley lowered their target price on shares of Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 6th. ValuEngine lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. Finally, Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $2.60.

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Ascena Retail Group 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 six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.

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

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