Systematic Financial Management LP boosted its holdings in Ascena Retail Group Inc (NASDAQ:ASNA) by 14.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 313,395 shares of the specialty retailer’s stock after purchasing an additional 40,450 shares during the quarter. Systematic Financial Management LP’s holdings in Ascena Retail Group were worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. United Services Automobile Association raised its position in Ascena Retail Group by 25.0% in the second quarter. United Services Automobile Association now owns 54,833 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 10,984 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Ascena Retail Group by 13.4% during the 3rd quarter. Wells Fargo & Company MN now owns 133,345 shares of the specialty retailer’s stock worth $609,000 after buying an additional 15,796 shares during the period. Northern Trust Corp raised its holdings in Ascena Retail Group by 1.2% during the 2nd quarter. Northern Trust Corp now owns 2,147,686 shares of the specialty retailer’s stock worth $8,559,000 after buying an additional 24,682 shares during the period. ICM Asset Management Inc. WA raised its holdings in Ascena Retail Group by 1.5% during the 3rd quarter. ICM Asset Management Inc. WA now owns 1,712,566 shares of the specialty retailer’s stock worth $7,826,000 after buying an additional 24,896 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in Ascena Retail Group during the 2nd quarter worth about $100,000. Hedge funds and other institutional investors own 97.74% of the company’s stock.

NASDAQ ASNA opened at $3.64 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.55 and a current ratio of 1.25. Ascena Retail Group Inc has a 1 year low of $1.79 and a 1 year high of $5.28. The stock has a market cap of $718.47 million, a price-to-earnings ratio of -182.00 and a beta of 1.68.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Monday, September 24th. The specialty retailer reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Ascena Retail Group had a negative return on equity of 0.59% and a negative net margin of 0.60%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Ascena Retail Group Inc will post 0.07 earnings per share for the current year.

Several analysts have issued reports on the company. Citigroup boosted their price objective on Ascena Retail Group from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday, September 26th. BidaskClub upgraded Ascena Retail Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. B. Riley boosted their price objective on Ascena Retail Group from $3.50 to $4.50 and gave the stock a “neutral” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.75.

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Ascena Retail Group Company 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 four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.

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

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