Ascena Retail Group Inc. (NASDAQ:ASNA)’s share price rose 1.6% during mid-day trading on Monday . The company traded as high as $8.21 and last traded at $8.16, with a volume of 868,434 shares traded. The stock had previously closed at $8.03.

ASNA has been the subject of a number of analyst reports. Zacks Investment Research raised Ascena Retail Group from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, March 29th. Piper Jaffray Cos. reissued a “buy” rating and set a $18.00 target price on shares of Ascena Retail Group in a research note on Saturday, April 2nd. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 target price (down from $11.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Cowen and Company reissued a “market perform” rating and set a $8.00 target price (down from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, FBR & Co reissued an “outperform” rating and set a $15.00 target price (down from $18.00) on shares of Ascena Retail Group in a research note 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 currently has a consensus rating of “Hold” and a consensus target price of $13.73.

The company’s 50 day moving average price is $7.29 and its 200 day moving average price is $8.34. The company’s market cap is $1.55 billion.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. During the same period last year, the company earned $0.18 EPS. The business earned $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities analysts forecast that Ascena Retail Group Inc. will post $0.69 earnings per share for the current year.

In other Ascena Retail Group news, CFO Robert Giammatteo purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average price of $7.18 per share, with a total value 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 approximately $105,388.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

A number of hedge funds have recently modified their holdings of 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 valued at $41,562,000 after buying an additional 741,448 shares in the last quarter. Mcclain Value Management LLC boosted its stake in shares of Ascena Retail Group by 3.4% in the fourth quarter. Mcclain Value Management LLC now owns 200,298 shares of the company’s stock valued at $1,973,000 after buying an additional 6,647 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of 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 in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of 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 in the last quarter. Finally, 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 valued at $29,965,000 after buying an additional 587,417 shares in the last quarter.

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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