Ascena Retail Group Inc. (NASDAQ:ASNA)’s share price dropped 4.3% during trading on Tuesday . The company traded as low as $7.26 and last traded at $7.29, with a volume of 680,380 shares traded. The stock had previously closed at $7.62.

ASNA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. FBR & Co reaffirmed an “outperform” rating and issued a $15.00 price target (down previously from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Telsey Advisory Group reaffirmed 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. Cowen and Company reaffirmed 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. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. One research 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. The company has a consensus rating of “Hold” and an average target price of $13.73.

The stock has a 50-day moving average price of $7.48 and a 200-day moving average price of $8.23. The company’s market capitalization is $1.39 billion.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. Ascena Retail Group’s revenue was down 4.5% on a year-over-year basis. Equities analysts expect 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 company’s stock in a transaction on Thursday, June 2nd. The stock was acquired at an average cost of $7.18 per share, for a total transaction of $35,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,678 shares in the company, valued at $105,388.04. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several large investors recently made changes to their positions in the stock. California Public Employees Retirement System boosted 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 in the last quarter. Russell Frank Co boosted 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 in the last quarter. Liberty Mutual Group Asset Management Inc. boosted 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 in the last quarter. Wells Fargo & Company MN boosted its stake 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 worth $41,562,000 after buying an additional 741,448 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted 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 worth $1,177,000 after buying an additional 5,631 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.