State Street Corp raised its stake in Ascena Retail Group, Inc. (NASDAQ:ASNA) by 16.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,157,993 shares of the specialty retailer’s stock after buying an additional 727,206 shares during the period. State Street Corp’s holdings in Ascena Retail Group were worth $21,976,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ASNA. FMR LLC acquired a new stake in Ascena Retail Group during the fourth quarter valued at approximately $2,035,000. Highbridge Capital Management LLC raised its stake in Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 26,909 shares during the last quarter. Bank of Montreal Can raised its stake in Ascena Retail Group by 6,135.7% in the first quarter. Bank of Montreal Can now owns 91,415 shares of the specialty retailer’s stock valued at $390,000 after buying an additional 89,949 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Ascena Retail Group by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer’s stock valued at $294,000 after buying an additional 900 shares during the last quarter. Finally, Sanders Morris Harris Inc. acquired a new stake in Ascena Retail Group during the first quarter valued at approximately $1,208,000. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ascena Retail Group, Inc. (NASDAQ ASNA) traded up 0.46% on Friday, hitting $2.19. 2,064,460 shares of the stock traded hands. The stock’s market cap is $420.26 million. Ascena Retail Group, Inc. has a 52-week low of $1.65 and a 52-week high of $9.12. The stock’s 50 day moving average price is $2.23 and its 200 day moving average price is $3.34.

Ascena Retail Group (NASDAQ:ASNA) last issued its quarterly earnings data on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Ascena Retail Group had a negative net margin of 15.25% and a positive return on equity of 2.96%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts expect that Ascena Retail Group, Inc. will post $0.13 EPS for the current fiscal year.

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ASNA has been the topic of several research reports. Royal Bank Of Canada set a $5.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Saturday, May 13th. Telsey Advisory Group dropped their price objective on shares of Ascena Retail Group from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, May 18th. ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Cowen and Company reissued a “market perform” rating and set a $2.00 price objective (down previously from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.50.

About Ascena Retail Group

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

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Institutional Ownership by Quarter for Ascena Retail Group (NASDAQ:ASNA)

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