Two Sigma Advisers LP Raises Holdings in Ascena Retail Group (ASNA)
Two Sigma Advisers LP raised its stake in Ascena Retail Group (NASDAQ:ASNA) by 34.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 331,070 shares of the specialty retailer’s stock after acquiring an additional 84,300 shares during the period. Two Sigma Advisers LP’s holdings in Ascena Retail Group were worth $778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. OppenheimerFunds Inc. boosted its holdings in Ascena Retail Group by 1.8% in the 4th quarter. OppenheimerFunds Inc. now owns 2,175,286 shares of the specialty retailer’s stock valued at $5,112,000 after purchasing an additional 38,235 shares during the period. California Public Employees Retirement System boosted its holdings in Ascena Retail Group by 41.8% in the 3rd quarter. California Public Employees Retirement System now owns 1,752,142 shares of the specialty retailer’s stock valued at $4,293,000 after purchasing an additional 516,883 shares during the period. Towle & Co. boosted its holdings in Ascena Retail Group by 92.2% in the 4th quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock valued at $19,666,000 after purchasing an additional 4,015,210 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Ascena Retail Group by 14.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,515,065 shares of the specialty retailer’s stock valued at $3,561,000 after purchasing an additional 193,328 shares during the period. Finally, Royce & Associates LP boosted its holdings in Ascena Retail Group by 50.1% in the 3rd quarter. Royce & Associates LP now owns 919,468 shares of the specialty retailer’s stock valued at $2,253,000 after purchasing an additional 306,950 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on ASNA. BidaskClub raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. B. Riley reduced their price objective on shares of Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating for the company in a report on Tuesday, March 6th. ValuEngine downgraded shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Finally, Zacks Investment Research downgraded shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Ascena Retail Group has a consensus rating of “Hold” and an average target price of $2.60.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, March 5th. The specialty retailer reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ascena Retail Group had a positive return on equity of 2.02% and a negative net margin of 16.52%. Ascena Retail Group’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) earnings per share. equities research analysts expect that Ascena Retail Group will post -0.06 EPS for the current year.
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Ascena Retail Group Profile
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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