Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) fell 5.3% during trading on Tuesday . The stock traded as low as $7.45 and last traded at $7.56, with a volume of 1,404,601 shares trading hands. The stock had previously closed at $7.98.

Several brokerages have commented on ASNA. Zacks Investment Research cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price target (down previously from $11.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Cowen and Company reissued a “market perform” rating and issued a $8.00 price target (down previously from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Finally, FBR & Co reissued an “outperform” rating and issued a $15.00 price target (down previously from $18.00) on shares of Ascena Retail Group in a 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 assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.73.

The firm has a 50-day moving average price of $7.44 and a 200 day moving average price of $8.24. The company’s market capitalization is $1.45 billion.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. During the same period last year, the firm posted $0.18 earnings per share. The company earned $1.67 billion during the quarter, compared to the consensus estimate of $1.74 billion. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities research analysts predict 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 the firm’s stock in a transaction on Thursday, June 2nd. The stock was purchased at an average cost of $7.18 per share, with a total value of $35,900.00. Following the completion of the purchase, the chief financial officer now owns 14,678 shares in the company, valued at approximately $105,388.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Other large investors recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in 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 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. Rhumbline Advisers increased its stake in 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 during the period. New York State Common Retirement Fund increased its stake in 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 during the period. Finally, Russell Frank Co increased its stake 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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