Today’s Stock On Watch: After Reaching Milestone, Is Ascena Retail Group Incorporated (NASDAQ:ASNA)’s Short Interest Revealing Something?

November 24, 2016 - By Hazel Jackson   ·   0 Comments

Today's Stock On Watch: After Reaching Milestone, Is Ascena Retail Group Incorporated (NASDAQ:ASNA)’s Short Interest Revealing Something?

The stock of Ascena Retail Group Incorporated (NASDAQ:ASNA) registered a decrease of 0.34% in short interest. ASNA’s total short interest was 29.80 million shares in November as published by FINRA. Its down 0.34% from 29.90M shares, reported previously. With 4.10M shares average volume, it will take short sellers 7 days to cover their ASNA’s short positions. The short interest to Ascena Retail Group Incorporated’s float is 22.09%. The stock decreased 0.67% or $0.04 on November 23, hitting $6.66. About 2.02 million shares traded hands. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 31.27% since April 22, 2016 and is downtrending. It has underperformed by 36.68% the S&P500.

Ascena Retail Group, Inc. is a specialty retailer of apparel for women and tween girls. The company has a market cap of $1.36 billion. The Firm operates through six divisions: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. It currently has negative earnings. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.42, from 1.21 in 2016Q1. The ratio dropped, as 29 funds sold all Ascena Retail Group Inc shares owned while 62 reduced positions. 24 funds bought stakes while 86 increased positions. They now own 173.51 million shares or 2.01% less from 177.06 million shares in 2016Q1.
Sentinel Lba holds 0.54% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA) for 545,253 shares. Gemmer Asset Mngmt Ltd Liability Co accumulated 0% or 124 shares. Mutual Of America Capital Limited Liability Company has 0.02% invested in the company for 134,884 shares. Jefferies Grp reported 3 shares or 0% of all its holdings. The New York-based Tiaa Cref Inv Mgmt Ltd Com has invested 0.01% in Ascena Retail Group Inc (NASDAQ:ASNA). Highbridge Cap Mgmt Ltd Company has 0.15% invested in the company for 1.31M shares. Primecap Management Co Ca reported 9.77 million shares or 0.07% of all its holdings. Spot Trading Limited Liability accumulated 20,261 shares or 0% of the stock. First Republic Investment Management Incorporated has invested 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA). Lazard Asset Mngmt Lc last reported 89,400 shares in the company. Meeder Asset holds 12,924 shares or 0.01% of its portfolio. The Illinois-based Murphy Michael R has invested 5.05% in Ascena Retail Group Inc (NASDAQ:ASNA). Finemark Natl Bank Tru holds 0% or 282 shares in its portfolio. Wellington Group Llp holds 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA) for 5.94 million shares. Mycio Wealth Partners Ltd Liability Company has invested 0.02% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA).

Insider Transactions: Since June 2, 2016, the stock had 1 insider buy, and 1 sale for $29,170 net activity. Another trade for 1,190 shares valued at $6,740 was sold by JAFFE ELLIOT S. Shares for $35,910 were bought by Giammatteo Robert.

Ascena Retail Group Inc (NASDAQ:ASNA) Ratings Coverage

Out of 7 analysts covering Ascena Retail Group (NASDAQ:ASNA), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Ascena Retail Group has been the topic of 17 analyst reports since September 24, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained it with “Overweight” rating and $18.0 target price in Wednesday, December 2 report. The rating was maintained by FBR Capital with “Outperform” on Wednesday, June 1. The firm earned “Neutral” rating on Wednesday, October 7 by Citigroup. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 15. The firm earned “Market Perform” rating on Tuesday, January 12 by Telsey Advisory Group. The firm earned “Neutral” rating on Thursday, February 11 by Goldman Sachs. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, September 20. The rating was downgraded by Oppenheimer to “Market Perform” on Tuesday, September 20. As per Thursday, September 24, the company rating was maintained by Guggenheim. The rating was maintained by Telsey Advisory Group on Wednesday, June 1 with “Market Perform”.

ASNA Company Profile

Ascena Retail Group, Inc., incorporated on July 27, 2010, is a specialty retailer of apparel for women and tween girls. The Firm classifies its businesses into six divisions: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. As of July 30, 2016, the Company operated approximately 4,900 stores in 49 United States’ states, the District of Columbia, Canada and Puerto Rico.

More news for Ascena Retail Group Inc (NASDAQ:ASNA) were recently published by: Businesswire.com, which released: “ascena retail group, inc. Announces Fiscal 2017 First Quarter Financial …” on November 21, 2016. Businesswire.com‘s article titled: “ascena retail group, inc. Announces Retirement of Elliot S. Jaffe as Non …” and published on October 25, 2016 is yet another important article.

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By Hazel Jackson


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