Ascena Retail Group Inc. (NASDAQ:ASNA)’s share price traded 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 trading hands. The stock had previously closed at $8.77.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Cowen and Company reiterated a “market perform” rating and set a $8.00 target price (down from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. FBR & Co reiterated an “outperform” rating and set a $15.00 target price (down from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 target price (down from $11.00) 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 stock. Ascena Retail Group currently has an average rating of “Hold” and an average target price of $13.73.

The stock’s market cap is $1.72 billion. The company has a 50-day moving average of $7.77 and a 200 day moving average of $8.26.

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

In other Ascena Retail Group 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 purchase, 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 Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in Ascena Retail Group stock. Mutual of America Capital Management LLC raised its stake in Ascena Retail Group Inc. (NASDAQ:ASNA) by 4.9% during the fourth quarter, according to its most recent disclosure 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 at the end of the most recent 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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