Peak Capital Management LLC purchased a new stake in shares of Ascena Retail Group during the second quarter worth approximately $108,000. (NASDAQ:ASNA) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission.
Several analysts have released their opinion on Ascena Retail Group, Inc.
Several other hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp's holdings in Ascena Retail Group were worth $326,000 at the end of the most recent quarter. Bank of Montreal Can now owns 91,415 shares of the specialty retailer's stock worth $390,000 after buying an additional 89,949 shares during the period. BlueCrest Capital Management Ltd raised its stake in shares of Ascena Retail Group by 196.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 57,300 shares of the specialty retailer's stock worth $355,000 after buying an additional 32,208 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Ascena Retail Group by 128.4% in the fourth quarter. Metropolitan Life Insurance Co.
Ascena Retail Group (NASDAQ:ASNA) opened at 2.21 on Friday. NY now owns 117,550 shares of the specialty retailer's stock valued at $501,000 after buying an additional 3,217 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Ascena Retail Group by 1.3% in the first quarter.
Institutional investors now hold around $441 million or 74.7% in ASNA stock.
Shares of Ascena Retail Group, Inc. 1,248,836 shares of the stock traded hands.
Shares last traded at $2.26 a tad above $2.14, the 50 day moving average and which is a tad under the 200 day moving average of $4.16. Ascena Retail Group has a 52 week low of $1.65 and a 52 week high of $9.12.
The share price of the company (NASDAQ:ASNA) was down -2.21% during the last trading session, with a high of 2.31 and the volume of Ascena Retail Group, Inc. shares traded was 1248836. Comparatively, ASNA posted earnings of $0 per share in the same quarter, a year earlier.
Stock market analysts watching Ascena Retail Group, Inc.
9 analysts on average are expecting the company to report revenue of $1.56 Billion for the current quarter. ASNA generated revenue of $0 in the same quarter, one year ago. During the same period in the previous year, the company posted $0.15 earnings per share. "(ASNA)" was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of U.S. and worldwide trademark and copyright laws. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/16/hightower-advisors-llc-invests-1-36-million-in-ascena-retail-group-inc-asna-updated.html. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Zacks Investment Research lowered shares of Ascena Retail Group from a "hold" rating to a "sell" rating in a research note on Friday, June 9th. Cowen and Company restated a "market perform" rating and set a $2.00 target price (down previously from $6.00) on shares of Ascena Retail Group in a research report on Sunday, June 11th. ValuEngine lowered Ascena Retail Group from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. Finally, Telsey Advisory Group cut their target price on shares of Ascena Retail Group from $6.00 to $3.00 and set a "market perform" rating for the company in a research note on Thursday, May 18th. The latest reports which are outstanding on Saturday 15th of July state 0 analysts have a rating of "strong buy", 0 analysts "buy", 8 analysts "neutral", 0 analysts "sell" and 1 analysts "strong sell".
Additionally on 3/09/17 Guggenheim "Initiates Coverage On" Ascena Retail Grp Cmn (NASDAQ:ASNA) to Neutral setting price target at $0 and on 3/07/17 Citigroup "Downgrades" the stock to Sell at $0.