Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) were up 1.8% on Thursday . The stock traded as high as $6.91 and last traded at $6.85, with a volume of 1,132,973 shares. The stock had previously closed at $6.73.

Several analysts have recently weighed in on ASNA shares. Zacks Investment Research upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, March 29th. FBR & Co reaffirmed a “buy” rating and issued a $18.00 target price on shares of Ascena Retail Group in a report on Thursday, April 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price (down from $11.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $8.00 target price (down from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Ascena Retail Group has an average rating of “Hold” and an average target price of $13.73.

The stock’s 50-day moving average is $7.11 and its 200 day moving average is $8.48. The stock’s market cap is $1.39 billion.

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

In other Ascena Retail Group news, CFO Robert Giammatteo bought 5,000 shares of Ascena Retail Group stock in a transaction dated Thursday, June 2nd. The stock was bought at an average cost of $7.18 per share, for a total transaction of $35,900.00. Following the purchase, the chief financial officer now owns 14,678 shares in the company, valued at approximately $105,388.04. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Other institutional investors have added to or reduced their stakes in the company. Numeric Investors LLC boosted its position in Ascena Retail Group by 9.7% in the fourth quarter. Numeric Investors LLC now owns 108,300 shares of the company’s stock valued at $1,067,000 after buying an additional 9,600 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its position in Ascena Retail Group by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 110,453 shares of the company’s stock valued at $1,088,000 after buying an additional 37,515 shares during the period. Strs Ohio boosted its position in Ascena Retail Group by 16.5% in the fourth quarter. Strs Ohio now owns 112,500 shares of the company’s stock valued at $1,108,000 after buying an additional 15,900 shares during the period. Mutual of America Capital Management LLC boosted its position in Ascena Retail Group by 4.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 119,507 shares of the company’s stock valued at $1,177,000 after buying an additional 5,631 shares during the period. Finally, Russell Frank Co boosted its position in Ascena Retail Group by 311.9% in the fourth quarter. Russell Frank Co now owns 136,950 shares of the company’s stock valued at $1,398,000 after buying an additional 103,698 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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