State Board of Administration of Florida Retirement System boosted its position in shares of Ascena Retail Group Inc. (NASDAQ:ASNA) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,267 shares of the company’s stock after buying an additional 5,975 shares during the period. State Board of Administration of Florida Retirement System owned about 0.08% of Ascena Retail Group worth $1,078,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Ascena Retail Group by 5.4% in the first quarter. Wellington Management Group LLP now owns 5,790,076 shares of the company’s stock worth $64,038,000 after buying an additional 295,448 shares during the last quarter. Geode Capital Management LLC raised its stake in Ascena Retail Group by 4.2% in the first quarter. Geode Capital Management LLC now owns 1,167,700 shares of the company’s stock worth $12,914,000 after buying an additional 47,376 shares in the last quarter. Primecap Management Co. CA raised its stake in Ascena Retail Group by 0.7% in the first quarter. Primecap Management Co. CA now owns 10,242,100 shares of the company’s stock worth $113,278,000 after buying an additional 73,900 shares in the last quarter. Zebra Capital Management LLC raised its stake in Ascena Retail Group by 27.5% in the first quarter. Zebra Capital Management LLC now owns 88,948 shares of the company’s stock worth $984,000 after buying an additional 19,183 shares in the last quarter. Finally, Stadium Capital Management LLC raised its stake in Ascena Retail Group by 33.7% in the first quarter. Stadium Capital Management LLC now owns 12,345,927 shares of the company’s stock worth $136,546,000 after buying an additional 3,113,869 shares in the last quarter. 94.47% of the stock is currently owned by institutional investors.

Ascena Retail Group Inc. (NASDAQ:ASNA) traded down 0.51% during trading on Friday, reaching $5.88. 3,861,401 shares of the company’s stock traded hands. The stock’s market capitalization is $1.13 billion. The stock has a 50-day moving average price of $7.86 and a 200 day moving average price of $8.27. Ascena Retail Group Inc. has a 1-year low of $5.33 and a 1-year high of $14.76.

Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Monday, September 19th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. The company earned $1.81 billion during the quarter. Ascena Retail Group had a negative net margin of 0.17% and a positive return on equity of 6.18%. The firm’s revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Equities research analysts expect that Ascena Retail Group Inc. will post $0.63 earnings per share for the current year.

A number of research firms have recently weighed in on ASNA. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday. FBR & Co reaffirmed a “market perform” rating and set a $15.00 price objective (up previously from $7.00) on shares of Ascena Retail Group in a research report on Tuesday. Cowen and Company cut their price objective on Ascena Retail Group from $8.00 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday. Oppenheimer Holdings Inc. lowered Ascena Retail Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Citigroup Inc. cut their price objective on Ascena Retail Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Ascena Retail Group has a consensus rating of “Hold” and an average price target of $11.58.

About Ascena Retail Group

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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