Geode Capital Management LLC boosted its stake in shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,396,917 shares of the specialty retailer’s stock after buying an additional 50,736 shares during the period. Geode Capital Management LLC’s holdings in Ascena Retail Group were worth $5,950,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ASNA. Louisiana State Employees Retirement System increased its position 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 in the last quarter. Arizona State Retirement System increased its position in Ascena Retail Group by 1.3% in the first quarter. Arizona State Retirement System now owns 88,300 shares of the specialty retailer’s stock valued at $376,000 after buying an additional 1,100 shares in the last quarter. Mason Street Advisors LLC increased its position in Ascena Retail Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock valued at $169,000 after buying an additional 2,595 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Ascena Retail Group by 6.2% in the first quarter. Thrivent Financial For Lutherans now owns 97,120 shares of the specialty retailer’s stock valued at $414,000 after buying an additional 5,680 shares in the last quarter. Finally, Comerica Bank increased its position in Ascena Retail Group by 3.8% in the first quarter. Comerica Bank now owns 187,368 shares of the specialty retailer’s stock valued at $755,000 after buying an additional 6,888 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Ascena Retail Group, Inc. (NASDAQ ASNA) opened at 2.25 on Thursday. The stock’s 50 day moving average price is $2.21 and its 200-day moving average price is $3.36. The company’s market capitalization is $431.78 million. Ascena Retail Group, Inc. has a 12 month low of $1.65 and a 12 month high of $9.11.

Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Thursday, June 8th. The specialty retailer reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the company posted $0.15 EPS. Ascena Retail Group’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities research analysts predict that Ascena Retail Group, Inc. will post $0.13 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $5.00 price objective on Ascena Retail Group and gave the stock a “hold” rating in a research report on Saturday, May 13th. Zacks Investment Research downgraded Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Cowen and Company restated a “market perform” rating and set a $2.00 price objective (down from $6.00) on shares of Ascena Retail Group in a research report on Sunday, June 11th. BidaskClub upgraded Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.50.

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

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