Ascena Retail Group Inc. (NASDAQ:ASNA) shares saw unusually-high trading volume on Tuesday . Approximately 2,906,520 shares were traded during trading, an increase of 40% from the previous session’s volume of 2,080,990 shares.The stock last traded at $8.51 and had previously closed at $8.31.

ASNA has been the subject of several research analyst reports. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. FBR & Co reaffirmed an “outperform” rating and set a $15.00 target price (down from $18.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Cowen and Company reaffirmed a “market perform” rating and set a $8.00 target price (down from $10.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 target price (down from $11.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, Oppenheimer Holdings Inc. reaffirmed 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 given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.73.

The company’s market capitalization is $1.68 billion. The stock’s 50 day moving average is $7.66 and its 200 day moving average is $8.25.

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

In related news, CFO Robert Giammatteo bought 5,000 shares of the stock in a transaction on Thursday, June 2nd. The shares were bought at an average cost of $7.18 per share, for a total transaction of $35,900.00. Following the purchase, the chief financial officer now owns 14,678 shares of the company’s stock, valued at approximately $105,388.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

An institutional investor recently raised its position in Ascena Retail Group stock. Mutual of America Capital Management LLC raised its stake in shares of Ascena Retail Group Inc. (NASDAQ:ASNA) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,507 shares of the company’s stock after buying an additional 5,631 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Ascena Retail Group worth $1,177,000 as of its most recent filing with the SEC.

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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