Oregon Public Employees Retirement Fund acquired a new stake in shares of Ascena Retail Group Inc (NASDAQ:ASNA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 66,074 shares of the specialty retailer’s stock, valued at approximately $166,000.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Ascena Retail Group during the 3rd quarter valued at about $134,000. LS Investment Advisors LLC increased its position in shares of Ascena Retail Group by 1,572.3% during the 4th quarter. LS Investment Advisors LLC now owns 82,846 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 77,892 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Ascena Retail Group by 67.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 96,096 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 38,601 shares during the last quarter. Rafferty Asset Management LLC bought a new position in shares of Ascena Retail Group during the 3rd quarter valued at about $247,000. Finally, Paloma Partners Management Co increased its position in shares of Ascena Retail Group by 403.2% during the 3rd quarter. Paloma Partners Management Co now owns 55,712 shares of the specialty retailer’s stock valued at $255,000 after purchasing an additional 44,641 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Several brokerages have recently commented on ASNA. BidaskClub lowered Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 22nd. Zacks Investment Research upgraded Ascena Retail Group from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Tuesday, January 15th. Telsey Advisory Group reduced their price objective on Ascena Retail Group from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 11th. Finally, ValuEngine lowered Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Ascena Retail Group currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Shares of ASNA stock opened at $1.36 on Friday. The stock has a market cap of $268.51 million, a P/E ratio of -68.00 and a beta of 1.44. Ascena Retail Group Inc has a 1-year low of $1.33 and a 1-year high of $5.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.28 and a quick ratio of 0.45.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Ascena Retail Group had a negative net margin of 0.61% and a negative return on equity of 1.70%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share.

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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.

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

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