Ascena Retail Group Inc (NASDAQ:ASNA)’s stock price rose 12.5% on Monday . The company traded as high as $0.38 and last traded at $0.36, approximately 1,357,800 shares changed hands during trading. A decline of 62% from the average daily volume of 3,559,673 shares. The stock had previously closed at $0.32.
Separately, ValuEngine raised Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $1.64.
The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 8.86. The firm has a fifty day moving average price of $0.41 and a 200 day moving average price of $0.53.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASNA. Millennium Management LLC boosted its holdings in shares of Ascena Retail Group by 8,036.8% in the 3rd quarter. Millennium Management LLC now owns 6,921,394 shares of the specialty retailer’s stock valued at $1,827,000 after buying an additional 6,836,331 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Ascena Retail Group by 190.1% in the 2nd quarter. Invesco Ltd. now owns 5,661,002 shares of the specialty retailer’s stock valued at $3,453,000 after buying an additional 3,709,522 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Ascena Retail Group by 232.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,337,756 shares of the specialty retailer’s stock valued at $2,646,000 after buying an additional 3,031,249 shares during the last quarter. ICM Asset Management Inc. WA boosted its holdings in shares of Ascena Retail Group by 71.5% in the 2nd quarter. ICM Asset Management Inc. WA now owns 3,196,943 shares of the specialty retailer’s stock valued at $1,950,000 after buying an additional 1,332,589 shares during the last quarter. Finally, Sapience Investments LLC boosted its holdings in shares of Ascena Retail Group by 13.0% in the 2nd quarter. Sapience Investments LLC now owns 10,395,417 shares of the specialty retailer’s stock valued at $6,341,000 after buying an additional 1,197,266 shares during the last quarter. 74.25% of the stock is owned by institutional investors.
Ascena Retail Group Company Profile (NASDAQ:ASNA)
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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