Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) were down 6.5% on Tuesday . The company traded as low as $6.56 and last traded at $6.64, with a volume of 1,295,668 shares traded. The stock had previously closed at $7.10.

A number of equities analysts have recently issued reports on the stock. Piper Jaffray Cos. reissued a “buy” rating and set a $18.00 price objective on shares of Ascena Retail Group in a research report on Saturday, April 2nd. Zacks Investment Research raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, March 29th. FBR & Co reissued a “buy” rating and set a $18.00 price objective on shares of Ascena Retail Group in a research report on Thursday, April 7th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective (down previously from $11.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Cowen and Company reissued a “market perform” rating and set a $8.00 price objective (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.73.

The stock’s market cap is $1.30 billion. The company has a 50-day moving average of $7.11 and a 200-day moving average of $8.51.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Tuesday, May 31st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm earned $1.67 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. Ascena Retail Group’s revenue was down 4.5% compared to the same quarter last year. Equities analysts forecast that Ascena Retail Group Inc. will post $0.69 earnings per share for the current year.

In related news, CFO Robert Giammatteo purchased 5,000 shares of Ascena Retail Group stock in a transaction that occurred on Thursday, June 2nd. The shares were bought at an average price of $7.18 per share, for a total transaction of $35,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,678 shares of the company’s stock, valued at $105,388.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of large investors have made changes to their positions in ASNA. Wells Fargo & Company MN boosted its stake in shares of Ascena Retail Group by 21.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,219,523 shares of the company’s stock worth $41,562,000 after buying an additional 741,448 shares during the period. Boston Partners boosted its stake in shares of Ascena Retail Group by 23.9% in the fourth quarter. Boston Partners now owns 3,042,151 shares of the company’s stock worth $29,965,000 after buying an additional 587,417 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Ascena Retail Group during the fourth quarter worth $2,583,000. Sentinel Trust Co. LBA boosted its stake in shares of Ascena Retail Group by 75.6% in the fourth quarter. Sentinel Trust Co. LBA now owns 583,308 shares of the company’s stock worth $5,746,000 after buying an additional 251,103 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Ascena Retail Group by 1,926.3% in the fourth quarter. Sei Investments Co. now owns 219,467 shares of the company’s stock worth $2,161,000 after buying an additional 208,636 shares during the period.

Ascena Retail Group, Inc is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines.

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