The stock of Ascena Retail Group Inc (NASDAQ:ASNA) is a huge mover today! About 4.82M shares traded hands or 22.96% up from the average. Ascena Retail Group Inc (NASDAQ:ASNA) has declined 41.42% since April 8, 2016 and is downtrending. It has underperformed by 47.07% the S&P500.
The move comes after 5 months positive chart setup for the $1.17B company. It was reported on Nov, 10 by Barchart.com. We have $7.72 PT which if reached, will make NASDAQ:ASNA worth $397.80 million 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. The rating was maintained by Telsey Advisory Group with “Market Perform” on Wednesday, June 1. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, September 20. On Monday, January 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Tuesday, September 20 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The stock has “Overweight” rating given by Piper Jaffray on Wednesday, December 2. The rating was initiated by Citigroup on Wednesday, October 7 with “Neutral”. The firm has “Market Perform” rating given on Tuesday, September 20 by Oppenheimer. As per Tuesday, September 20, the company rating was downgraded by FBR Capital. Telsey Advisory Group maintained the stock with “Market Perform” rating in Tuesday, January 12 report. The stock of Ascena Retail Group Inc (NASDAQ:ASNA) has “Outperform” rating given on Wednesday, June 1 by FBR Capital.
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 Q2 2016. Its up 0.18, from 1.03 in 2016Q1. The ratio improved, 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.
The United Kingdom-based Blackrock Group Ltd has invested 0% in Ascena Retail Group Inc (NASDAQ:ASNA). First Heartland Consultants Inc accumulated 78,400 shares or 0.06% of the stock. Bank Of New York Mellon Corporation last reported 1.91 million shares in the company. Gsa Cap Prtn Limited Liability Partnership holds 185,205 shares or 0.07% of its portfolio. Us Commercial Bank De accumulated 8,139 shares or 0% of the stock. Metropolitan Life Insur Ny holds 0.01% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA) for 275,529 shares. Pnc Incorporated accumulated 4,724 shares or 0% of the stock. The Texas-based Dimensional Fund Ltd Partnership has invested 0.04% in Ascena Retail Group Inc (NASDAQ:ASNA). Nomura Asset Management holds 0% of its portfolio in Ascena Retail Group Inc (NASDAQ:ASNA) for 7,500 shares. Parametric Portfolio Associate Llc owns 252,712 shares or 0% of their US portfolio. Sentinel Tru Company Lba holds 0.54% or 545,253 shares in its portfolio. Nationwide Fund Advsr owns 417,985 shares or 0.01% of their US portfolio. Public Employees Retirement Association Of Colorado owns 37,364 shares or 0% of their US portfolio. Rhumbline Advisers reported 326,246 shares or 0.01% of all its holdings. Sandy Spring National Bank & Trust last reported 84 shares in the company.
Insider Transactions: Since June 2, 2016, the stock had 1 insider purchase, and 1 insider sale for $29,170 net activity. 5,000 shares with value of $35,910 were bought by Giammatteo Robert on Thursday, June 2. $6,740 worth of Ascena Retail Group Inc (NASDAQ:ASNA) shares were sold by JAFFE ELLIOT S.
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 Retirement of Elliot S. Jaffe as Non …” on October 25, 2016.
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.
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.