Shares of Ascena Retail Group Inc. (NASDAQ:ASNA) shot up 1.7% during trading on Friday . The company traded as high as $8.93 and last traded at $8.92, with a volume of 1,024,417 shares traded. The stock had previously closed at $8.77.

A number of research firms have commented on ASNA. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Cowen and Company restated a “market perform” rating and set a $8.00 price target (down from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. FBR & Co reaffirmed an “outperform” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Ascena Retail Group in a research note on Wednesday, June 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Ascena Retail Group in a research note 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. The company has a consensus rating of “Hold” and an average price target of $13.73.

The company’s market cap is $1.72 billion. The company’s 50-day moving average price is $7.77 and its 200 day moving average price is $8.26.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 last year, the company earned $0.18 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts anticipate that Ascena Retail Group Inc. will post $0.69 EPS for the current fiscal year.

In related news, CFO Robert Giammatteo purchased 5,000 shares of Ascena Retail Group stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average price of $7.18 per share, for a total transaction of $35,900.00. Following the transaction, the chief financial officer now directly owns 14,678 shares in the company, valued at $105,388.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A hedge fund recently raised its stake in Ascena Retail Group stock. Mutual of America Capital Management LLC increased its stake in Ascena Retail Group Inc. (NASDAQ:ASNA) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 approximately 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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