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

ASNA has been the topic of several analyst reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. FBR & Co reaffirmed a “buy” rating and set a $18.00 target price on shares of Ascena Retail Group in a research report on Thursday, April 7th. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $18.00 target price on shares of Ascena Retail Group in a research report on Saturday, April 2nd. Zacks Investment Research raised Ascena Retail Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, March 29th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $8.00 target price (down previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Ascena Retail Group presently has a consensus rating of “Hold” and an average target price of $13.73.

The stock’s 50 day moving average is $7.35 and its 200 day moving average is $8.26. The stock’s market cap is $1.58 billion.

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

In related news, CFO Robert Giammatteo purchased 5,000 shares of the business’s 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 purchase, the chief financial officer now directly owns 14,678 shares of the company’s stock, valued at approximately $105,388.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds recently bought and sold shares of the company. 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 last quarter. Mutual of America Capital Management LLC increased 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. Rhumbline Advisers increased its stake in shares of Ascena Retail Group by 2.4% in the fourth quarter. Rhumbline Advisers now owns 353,479 shares of the company’s stock valued at $3,482,000 after buying an additional 8,322 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased 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, New York State Common Retirement Fund increased its stake in shares of Ascena Retail Group by 19.9% in the fourth quarter. New York State Common Retirement Fund now owns 316,989 shares of the company’s stock valued at $3,122,000 after buying an additional 52,506 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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