Ascena Retail Group Inc. (NASDAQ:ASNA)’s share price rose 3% on Wednesday . The company traded as high as $8.36 and last traded at $8.15, with a volume of 2,104,125 shares traded. The stock had previously closed at $7.91.

ASNA has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th. FBR & Co reiterated an “outperform” rating and set a $15.00 target price (down previously from $18.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 target price (down previously from $11.00) 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 previously from $10.00) on shares of Ascena Retail Group in a research report on Wednesday, June 1st. Finally, Oppenheimer Holdings Inc. reiterated 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 assigned a hold rating and six have issued 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’s market cap is $1.56 billion. The firm’s 50 day moving average price is $8.07 and its 200 day moving average price is $8.37.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Tuesday, May 31st. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. During the same period last year, the firm posted $0.18 EPS. The business earned $1.67 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Ascena Retail Group’s quarterly revenue 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 fiscal year.

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

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.