December 1, 2016 - By Peter Erickson · 0 Comments
Ascena Retail Group Inc (NASDAQ:ASNA) institutional sentiment decreased to 0.79 in 2016 Q2. Its down -0.42, from 1.21 in 2016Q1. The ratio dropped, as 110 active investment managers started new or increased holdings, while 91 cut down and sold their positions in Ascena Retail Group Inc. The active investment managers in our partner’s database now hold: 173.51 million shares, down from 177.06 million shares in 2016Q1. Also, the number of active investment managers holding Ascena Retail Group Inc in their top 10 holdings decreased from 6 to 5 for a decrease of 1. Sold All: 29 Reduced: 62 Increased: 86 New Position: 24.
Ascena Retail Group, Inc. is a specialty retailer of apparel for women and tween girls. The company has a market cap of $1.17 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.
About 1.99 million shares traded hands. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 33.26% since April 28, 2016 and is downtrending. It has underperformed by 39.19% the S&P500.
According to Zacks Investment Research, “Ascena Retail Group, Inc, formerly known as The Dress Barn, Inc., operates as a national specialty retailer of apparel for women and girls under the Dressbarn, Maurices and Justice brands. Its Dressbarn stores offer casual, career and special occasion fashion apparel and accessories; Maurices stores offer casual and career apparel and accessories; and Justice stores offer trend-right apparel and accessories. Ascena Retail Group, Inc. is based in Suffern, New York.”
Golden Gate Private Equity Inc. holds 66.3% of its portfolio in Ascena Retail Group Inc for 17.47 million shares. Stadium Capital Management Llc owns 14.63 million shares or 33.07% of their US portfolio. Moreover, Coliseum Capital Management Llc has 16.4% invested in the company for 5.62 million shares. The Massachusetts-based Greenwood Investments Inc. has invested 12.5% in the stock. Murphy Michael R, a Illinois-based fund reported 1.84 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 insider sale for $6,740 net activity.
Ratings analysis reveals 14% of Ascena Retail Group’s analysts are positive. Out of 7 Wall Street analysts rating Ascena Retail Group, 1 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7 while the high is $18.0. The stock’s average target of $10.38 is 70.72% above today’s ($6.08) share price. ASNA was included in 17 notes of analysts from September 24, 2015. The stock has “Neutral” rating given by Citigroup on Tuesday, September 20. On Wednesday, June 1 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The rating was maintained by Telsey Advisory Group with “Market Perform” on Tuesday, January 12. FBR Capital downgraded Ascena Retail Group Inc (NASDAQ:ASNA) on Tuesday, September 20 to “Mkt Perform” rating. As per Tuesday, September 20, the company rating was downgraded by Oppenheimer. Telsey Advisory Group maintained Ascena Retail Group Inc (NASDAQ:ASNA) on Tuesday, September 20 with “Market Perform” rating. FBR Capital maintained it with “Outperform” rating and $15 target price in Wednesday, June 1 report. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 15. The firm earned “” rating on Thursday, September 24 by Guggenheim. On Wednesday, December 2 the stock rating was maintained by Piper Jaffray with “Overweight”.
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.
Another recent and important Ascena Retail Group Inc (NASDAQ:ASNA) news was published by Businesswire.com which published an article titled: “ascena retail group, inc. Announces Fiscal 2017 First Quarter Financial …” on November 21, 2016.
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By Peter Erickson