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

A number of research firms have recently issued reports on ASNA. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Cowen and Company reiterated a “market perform” rating and issued a $8.00 target price (down previously from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Ascena Retail Group in a research note on Wednesday, June 1st. FBR & Co reiterated an “outperform” rating and issued a $15.00 target price (down previously from $18.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 target price (down previously from $11.00) 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 issued a hold rating and six have assigned a buy rating to the company’s stock. Ascena Retail Group has a consensus rating of “Hold” and an average price target of $13.73.

The company has a 50 day moving average price of $7.46 and a 200-day moving average price of $8.23. The firm’s market capitalization is $1.40 billion.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Tuesday, May 31st. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. During the same period in the prior year, the firm earned $0.18 EPS. The company earned $1.67 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Ascena Retail Group’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast 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 acquired 5,000 shares of the stock in a transaction dated Thursday, June 2nd. The stock was purchased at an average cost of $7.18 per share, for a total transaction of $35,900.00. Following the acquisition, the chief financial officer now owns 14,678 shares in the company, valued at approximately $105,388.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several large investors have made changes to their positions in the company. Russell Frank Co raised its stake in shares of Ascena Retail Group by 311.9% in the fourth quarter. Russell Frank Co now owns 136,950 shares of the company’s stock worth $1,398,000 after buying an additional 103,698 shares during the last quarter. Rhumbline Advisers raised 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 worth $3,482,000 after buying an additional 8,322 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of 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 worth $6,814,000 after buying an additional 72,900 shares during the last quarter. New York State Common Retirement Fund raised 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 worth $3,122,000 after buying an additional 52,506 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised 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 worth $1,088,000 after buying an additional 37,515 shares during 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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