The stock of Ascena Retail Group Inc (NASDAQ:ASNA) is a huge mover today! About 1.03M shares traded hands. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 36.50% since March 1, 2016 and is downtrending. It has underperformed by 45.74% the S&P500.
The move comes after 8 months positive chart setup for the $1.11B company. It was reported on Oct, 4 by Barchart.com. We have $9.63 PT which if reached, will make NASDAQ:ASNA worth $765.90M more.
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. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 15 report. The rating was initiated by Citigroup with “Neutral” on Wednesday, October 7. RBC Capital Markets maintained Ascena Retail Group Inc (NASDAQ:ASNA) on Monday, January 18 with “Outperform” rating. RBC Capital Markets downgraded Ascena Retail Group Inc (NASDAQ:ASNA) on Tuesday, September 20 to “Sector Perform” rating. Telsey Advisory Group maintained Ascena Retail Group Inc (NASDAQ:ASNA) on Tuesday, January 12 with “Market Perform” rating. The stock has “” rating given by Guggenheim on Thursday, September 24. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) has “Outperform” rating given on Wednesday, June 1 by FBR Capital. Piper Jaffray maintained it with “Overweight” rating and $18.0 target price in Wednesday, December 2 report. The firm earned “Neutral” rating on Tuesday, September 20 by Citigroup. Telsey Advisory Group maintained Ascena Retail Group Inc (NASDAQ:ASNA) on Wednesday, June 1 with “Market Perform” rating.
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.”
Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.18, from 1.03 in 2016Q1. The ratio increased, 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.
Weaver C Barksdale Associate holds 3,360 shares or 0.04% of its portfolio. Snyder Management L P, a California-based fund reported 2.08 million shares. Retirement Of Alabama accumulated 220,361 shares or 0.01% of the stock. Ubs Asset Mgmt Americas Incorporated accumulated 157,774 shares or 0% of the stock. The New York-based Meru Cap Group Lp has invested 0.03% in Ascena Retail Group Inc (NASDAQ:ASNA). The Massachusetts-based Rhumbline Advisers has invested 0.01% in Ascena Retail Group Inc (NASDAQ:ASNA). Federated Investors Inc Pa last reported 0% of its portfolio in the stock. Piedmont Advsr Ltd reported 216 shares or 0% of all its holdings. Sg Americas Secs Ltd has invested 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA). Qs Limited Liability owns 641,613 shares or 0.04% of their US portfolio. Barclays Public Ltd Co, a United Kingdom-based fund reported 81,802 shares. Public Employees Retirement Association Of Colorado holds 0% or 37,364 shares in its portfolio. California Pub Employees Retirement Systems accumulated 776,259 shares or 0.01% of the stock. Signaturefd Lc accumulated 0% or 142 shares. Group One Trading L P holds 44,291 shares or 0% of its portfolio.
Insider Transactions: Since April 6, 2016, the stock had 1 insider buy, and 1 sale for $29,170 net activity. The insider JAFFE ELLIOT S sold 1,190 shares worth $6,740. Giammatteo Robert bought $35,910 worth of stock or 5,000 shares. Another trade for 4,000 shares valued at $40,467 was bought by BAYNE KATIE J.
More important recent Ascena Retail Group Inc (NASDAQ:ASNA) news were published by: Fool.com which released: “Why Ascena Retail Group Inc. Stock Plunged Today” on September 20, 2016, also Businesswire.com published article titled: “ascena retail group, inc. Reports Fourth Quarter and Full Year Fiscal 2016 …”, Zacks.com published: “What Makes Ascena Retail Group (ASNA) a Strong Sell?” on September 22, 2016. More interesting news about Ascena Retail Group Inc (NASDAQ:ASNA) was released by: Businesswire.com and their article: “ascena retail group, inc. Announces Fiscal 2016 Fourth Quarter Financial …” with publication date: September 12, 2016.
ASNA Company Profile
Ascena Retail Group, Inc. (ascena), incorporated on July 27, 2010, is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Firm offers its products through its subsidiaries under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and the Justice brands. The Firm operates through six divisions: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The Firm operates approximately 5,000 stores throughout the United States, Canada and Puerto Rico.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.