Ascena Retail Group Inc. (NASDAQ:ASNA) was up 4.9% during trading on Friday . The stock 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.

Several equities research analysts have commented on ASNA shares. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. FBR & Co reiterated an “outperform” rating and set a $15.00 price objective (down from $18.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price objective (down from $11.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Cowen and Company reiterated a “market perform” rating and set a $8.00 price objective (down from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating 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 assigned a hold rating and six have given a buy rating to the company’s stock. Ascena Retail Group has an average rating of “Hold” and an average price target of $13.73.

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

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

In other Ascena Retail Group news, CFO Robert Giammatteo acquired 5,000 shares of the stock in a transaction on Thursday, June 2nd. The shares were bought at an average price of $7.18 per share, with a total value of $35,900.00. Following the acquisition, the chief financial officer now owns 14,678 shares of the company’s stock, valued at $105,388.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several large investors recently bought and sold shares of the stock. Liberty Mutual Group Asset Management Inc. increased its stake in 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. Mutual of America Capital Management LLC increased its stake in 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 worth $1,177,000 after buying an additional 5,631 shares during the last quarter. 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 worth $1,398,000 after buying an additional 103,698 shares during the last quarter. 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 worth $3,122,000 after buying an additional 52,506 shares during the last quarter. Finally, 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 worth $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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