Wedge Capital Management L L P NC boosted its position in Ascena Retail Group Inc (NASDAQ:ASNA) by 137.4% in the first quarter, HoldingsChannel.com reports. The firm owned 228,150 shares of the specialty retailer’s stock after acquiring an additional 132,054 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ascena Retail Group were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in ASNA. Bourgeon Capital Management LLC lifted its holdings in Ascena Retail Group by 71.4% in the 1st quarter. Bourgeon Capital Management LLC now owns 36,000 shares of the specialty retailer’s stock worth $39,000 after buying an additional 15,000 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Ascena Retail Group by 159.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 59,237 shares of the specialty retailer’s stock worth $64,000 after buying an additional 36,392 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Ascena Retail Group in the 1st quarter worth $38,000. FNY Investment Advisers LLC acquired a new position in Ascena Retail Group in the 1st quarter worth $237,000. Finally, ICM Asset Management Inc. WA lifted its holdings in Ascena Retail Group by 5.0% in the 1st quarter. ICM Asset Management Inc. WA now owns 1,864,354 shares of the specialty retailer’s stock worth $2,014,000 after buying an additional 88,400 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 15th. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. BidaskClub lowered shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Finally, 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. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ascena Retail Group presently has an average rating of “Hold” and a consensus price target of $3.26.
Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS. On average, equities analysts predict that Ascena Retail Group Inc will post -0.45 earnings per share for the current year.
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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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