Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,492 shares of the specialty retailer’s stock, valued at approximately $206,000.

A number of other large investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its stake in Ascena Retail Group by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 69,000 shares of the specialty retailer’s stock valued at $294,000 after purchasing an additional 900 shares during the period. Arizona State Retirement System raised its stake in Ascena Retail Group by 1.3% during the 1st quarter. Arizona State Retirement System now owns 88,300 shares of the specialty retailer’s stock valued at $376,000 after purchasing an additional 1,100 shares during the period. Texas Permanent School Fund raised its stake in Ascena Retail Group by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 123,823 shares of the specialty retailer’s stock valued at $266,000 after purchasing an additional 1,145 shares during the period. Mason Street Advisors LLC raised its stake in Ascena Retail Group by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 39,622 shares of the specialty retailer’s stock valued at $169,000 after purchasing an additional 2,595 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in Ascena Retail Group by 2.8% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 117,550 shares of the specialty retailer’s stock valued at $501,000 after purchasing an additional 3,217 shares during the period. 95.71% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. Royal Bank Of Canada set a $5.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Monday, June 12th. BidaskClub raised shares of Ascena Retail Group from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Monday. Cowen and Company reaffirmed a “market perform” rating and issued a $2.00 price target (down from $6.00) on shares of Ascena Retail Group in a research note on Sunday, June 11th. Finally, FBR & Co set a $3.00 price target on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.83.

Ascena Retail Group, Inc. (NASDAQ:ASNA) opened at 2.07 on Thursday. Ascena Retail Group, Inc. has a 1-year low of $1.65 and a 1-year high of $8.34. The firm’s market capitalization is $397.23 million. The stock has a 50 day moving average of $2.14 and a 200-day moving average of $2.77.

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About Ascena Retail Group

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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