Ascena Retail Group Inc. (NASDAQ:ASNA) traded up 3.8% during mid-day trading on Monday . The stock traded as high as $7.92 and last traded at $7.91, with a volume of 556,252 shares traded. The stock had previously closed at $7.62.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 17th. FBR & Co restated an “outperform” rating and issued a $15.00 target price (down previously from $18.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Piper Jaffray Cos. restated a “buy” rating and issued a $18.00 target price on shares of Ascena Retail Group in a report on Saturday, April 2nd. Cowen and Company restated a “market perform” rating and issued a $8.00 target price (down previously from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.73.

The firm’s 50-day moving average is $7.22 and its 200-day moving average is $8.36. The company’s market capitalization is $1.51 billion.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.74 billion. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. Equities analysts predict that Ascena Retail Group Inc. will post $0.69 EPS for the current fiscal year.

In related news, CFO Robert Giammatteo bought 5,000 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were bought at an average price of $7.18 per share, with a total value of $35,900.00. Following the transaction, the chief financial officer now owns 14,678 shares in the company, valued at $105,388.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of hedge funds recently added to or reduced their stakes in the company. Boston Partners increased its stake in Ascena Retail Group by 23.9% in the fourth quarter. Boston Partners now owns 3,042,151 shares of the company’s stock valued at $29,965,000 after buying an additional 587,417 shares in the last quarter. California State Teachers Retirement System increased its stake in Ascena Retail Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 318,089 shares of the company’s stock valued at $3,133,000 after buying an additional 4,899 shares during the period. Sei Investments Co. increased its stake in Ascena Retail Group by 1,926.3% in the fourth quarter. Sei Investments Co. now owns 219,467 shares of the company’s stock valued at $2,161,000 after buying an additional 208,636 shares during the period. California Public Employees Retirement System increased its stake in Ascena Retail Group by 11.8% in the fourth quarter. California Public Employees Retirement System now owns 691,807 shares of the company’s stock valued at $6,814,000 after buying an additional 72,900 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. increased its stake 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.