Ascena Retail Group Inc (NASDAQ:ASNA) saw a large growth in short interest in March. As of March 29th, there was short interest totalling 54,082,789 shares, a growth of 8.8% from the March 15th total of 49,705,215 shares. Based on an average daily volume of 5,984,519 shares, the short-interest ratio is presently 9.0 days. Currently, 34.4% of the company’s stock are short sold.

ASNA has been the topic of several research analyst reports. Citigroup raised Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 target price on the stock in a research report on Wednesday, April 3rd. ValuEngine lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, BidaskClub lowered Ascena Retail Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $3.26.

NASDAQ ASNA opened at $1.21 on Thursday. Ascena Retail Group has a fifty-two week low of $0.97 and a fifty-two week high of $5.28. The firm has a market capitalization of $237.08 million, a PE ratio of -60.50 and a beta of 1.37. The company has a quick ratio of 0.51, a current ratio of 1.28 and a debt-to-equity ratio of 1.79.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). Ascena Retail Group had a negative net margin of 1.11% and a negative return on equity of 5.27%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts predict that Ascena Retail Group will post -0.45 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Magnus Financial Group LLC purchased a new stake in Ascena Retail Group during the fourth quarter valued at about $60,000. Virtu Financial LLC purchased a new stake in Ascena Retail Group during the third quarter valued at about $134,000. NumerixS Investment Technologies Inc purchased a new stake in Ascena Retail Group during the fourth quarter valued at about $100,000. Municipal Employees Retirement System of Michigan purchased a new stake in Ascena Retail Group during the fourth quarter valued at about $125,000. Finally, Paloma Partners Management Co grew its position in Ascena Retail Group by 403.2% during the third quarter. Paloma Partners Management Co now owns 55,712 shares of the specialty retailer’s stock valued at $255,000 after acquiring an additional 44,641 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

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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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