Wells Fargo & Company MN Lowers Position in Ascena Retail Group, Inc. (ASNA)
Wells Fargo & Company MN trimmed its position in Ascena Retail Group, Inc. (NASDAQ:ASNA) by 68.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,450 shares of the specialty retailer’s stock after selling 537,718 shares during the quarter. Wells Fargo & Company MN owned approximately 0.13% of Ascena Retail Group worth $521,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in ASNA. Public Employees Retirement System of Ohio boosted its holdings in Ascena Retail Group by 36.6% during the first quarter. Public Employees Retirement System of Ohio now owns 46,164 shares of the specialty retailer’s stock worth $197,000 after buying an additional 12,362 shares during the last quarter. Airain ltd bought a new position in Ascena Retail Group during the second quarter worth about $202,000. Northwestern Mutual Investment Management Company LLC bought a new position in Ascena Retail Group during the second quarter worth about $206,000. BNP Paribas Arbitrage SA boosted its holdings in Ascena Retail Group by 45.7% during the second quarter. BNP Paribas Arbitrage SA now owns 109,379 shares of the specialty retailer’s stock worth $235,000 after buying an additional 34,295 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Ascena Retail Group by 0.9% during the second quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock worth $266,000 after buying an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.
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Ascena Retail Group, Inc. (NASDAQ ASNA) opened at $2.01 on Monday. Ascena Retail Group, Inc. has a 1-year low of $1.65 and a 1-year high of $8.19. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $393.98, a PE ratio of 9.57 and a beta of 1.88.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, September 25th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a positive return on equity of 3.13% and a negative net margin of 16.05%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the business posted $0.08 EPS. Ascena Retail Group’s revenue for the quarter was down 8.5% on a year-over-year basis. analysts forecast that Ascena Retail Group, Inc. will post 0.23 earnings per share for the current fiscal year.
A number of brokerages have issued reports on ASNA. Zacks Investment Research cut Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Royal Bank Of Canada reduced their target price on Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating on the stock in a report on Friday, October 6th. BidaskClub upgraded Ascena Retail Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. FBR & Co set a $3.00 target price on Ascena Retail Group and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.50.
Ascena Retail Group Profile
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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