Ascena Retail Group Inc. (NASDAQ:ASNA)’s share price was up 4.9% on Friday . The company traded as high as $7.66 and last traded at $7.66, with a volume of 1,004,099 shares. The stock had previously closed at $7.30.

A number of equities analysts recently weighed in on ASNA shares. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. FBR & Co reissued a “buy” rating and issued a $18.00 price target on shares of Ascena Retail Group in a research report on Thursday, April 7th. 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. 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 research report on Wednesday, June 1st. Finally, 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 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 assigned a buy rating to the company. Ascena Retail Group presently has a consensus rating of “Hold” and an average target price of $13.73.

The company has a 50 day moving average of $7.48 and a 200 day moving average of $8.22. The company’s market cap is $1.47 billion.

Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Tuesday, May 31st. The company reported $0.15 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 analyst estimates of $1.74 billion. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities research analysts predict that Ascena Retail Group Inc. will post $0.69 earnings per share for the current fiscal year.

In other news, CFO Robert Giammatteo bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was bought at an average cost of $7.18 per share, for a total transaction of $35,900.00. Following the completion of the acquisition, the chief financial officer now directly owns 14,678 shares in the company, valued at approximately $105,388.04. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Several hedge funds and institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position 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 during the last quarter. Mutual of America Capital Management LLC boosted its position 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 during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position 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 during the last quarter. New York State Common Retirement Fund boosted its position 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 during the last quarter. Finally, California Public Employees Retirement System boosted its position 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 valued at $6,814,000 after buying an additional 72,900 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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