Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) were down 4.3% during trading on Tuesday . The stock traded as low as $7.26 and last traded at $7.29, with a volume of 680,380 shares changing hands. The stock had previously closed at $7.62.

Several equities analysts recently weighed in on ASNA shares. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. FBR & Co restated an “outperform” rating and issued a $15.00 price objective (down from $18.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price objective (down from $11.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Cowen and Company restated a “market perform” rating and issued a $8.00 price objective (down from $10.00) on shares of Ascena Retail Group in a report on Wednesday, June 1st. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Ascena Retail Group in a report on Wednesday, June 1st. One 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. Ascena Retail Group presently has an average rating of “Hold” and a consensus price target of $13.73.

The company has a 50 day moving average price of $7.48 and a 200 day moving average price of $8.22. The company’s market cap is $1.42 billion.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share (EPS) 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 had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.74 billion. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts predict that Ascena Retail Group Inc. will post $0.69 EPS for the current year.

In other Ascena Retail Group news, CFO Robert Giammatteo bought 5,000 shares of Ascena Retail Group stock in a transaction on Thursday, June 2nd. The shares were purchased at an average cost of $7.18 per share, with a total value of $35,900.00. Following the acquisition, the chief financial officer now directly owns 14,678 shares of the company’s stock, valued at approximately $105,388.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several large investors have recently bought and sold shares of the stock. Liberty Mutual Group Asset Management Inc. raised 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 in the last quarter. Mutual of America Capital Management LLC raised 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 in the last quarter. Russell Frank Co raised 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 in the last quarter. New York State Common Retirement Fund raised 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 in the last quarter. Finally, California Public Employees Retirement System raised 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 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.