Geode Capital Management LLC increased its position in shares of Ascena Retail Group Inc (NASDAQ:ASNA) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,008,390 shares of the specialty retailer’s stock after buying an additional 195,132 shares during the quarter. Geode Capital Management LLC owned 1.02% of Ascena Retail Group worth $5,041,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Ascena Retail Group by 3.4% during the fourth quarter. BlackRock Inc. now owns 25,987,545 shares of the specialty retailer’s stock worth $65,227,000 after buying an additional 862,137 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Ascena Retail Group by 4.5% during the third quarter. Vanguard Group Inc. now owns 16,605,882 shares of the specialty retailer’s stock valued at $75,889,000 after purchasing an additional 708,559 shares in the last quarter. Vanguard Group Inc boosted its holdings in Ascena Retail Group by 4.5% during the third quarter. Vanguard Group Inc now owns 16,605,882 shares of the specialty retailer’s stock valued at $75,889,000 after purchasing an additional 708,559 shares in the last quarter. Sapience Investments LLC boosted its holdings in Ascena Retail Group by 33.1% during the fourth quarter. Sapience Investments LLC now owns 5,777,690 shares of the specialty retailer’s stock valued at $14,502,000 after purchasing an additional 1,435,520 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Ascena Retail Group by 9.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967,031 shares of the specialty retailer’s stock valued at $7,447,000 after purchasing an additional 261,330 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ASNA opened at $1.14 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.51 and a current ratio of 1.28. The company has a market cap of $225.23 million, a price-to-earnings ratio of -57.00 and a beta of 1.35. Ascena Retail Group Inc has a 1-year low of $0.97 and a 1-year high of $5.28.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm posted ($0.12) EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that Ascena Retail Group Inc will post -0.45 EPS for the current year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Ascena Retail Group from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Tuesday, January 15th. ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. BidaskClub downgraded Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Finally, Citigroup raised Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price objective on the stock in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Ascena Retail Group presently has an average rating of “Hold” and an average price target of $3.26.

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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 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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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

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