Stadium Capital Management LLC held its stake in Ascena Retail Group, Inc. (NASDAQ:ASNA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,751,920 shares of the company’s stock at the end of the fourth quarter. Ascena Retail Group accounts for approximately 31.7% of Stadium Capital Management LLC’s portfolio, making the stock its 2nd largest position. Stadium Capital Management LLC owned about 7.72% of Ascena Retail Group worth $91,314,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in Ascena Retail Group by 25.7% in the second quarter. Strs Ohio now owns 132,600 shares of the company’s stock worth $926,000 after buying an additional 27,100 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in Ascena Retail Group during the second quarter worth $625,000. ICM Asset Management Inc. WA bought a new stake in Ascena Retail Group during the second quarter worth $1,094,000. TradeLink Capital LLC boosted its stake in Ascena Retail Group by 20.6% in the second quarter. TradeLink Capital LLC now owns 22,031 shares of the company’s stock worth $154,000 after buying an additional 3,769 shares during the last quarter. Finally, Bourgeon Capital Management LLC boosted its stake in Ascena Retail Group by 7.5% in the second quarter. Bourgeon Capital Management LLC now owns 224,450 shares of the company’s stock worth $1,569,000 after buying an additional 15,600 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.
Shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) traded down 2.29% during trading on Monday, reaching $5.11. 2,381,614 shares of the company’s stock traded hands. Ascena Retail Group, Inc. has a 1-year low of $4.44 and a 1-year high of $11.26. The company has a 50 day moving average of $5.34 and a 200-day moving average of $6.37. The company has a market capitalization of $976.97 million, a price-to-earnings ratio of 48.21 and a beta of 1.93.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Thursday, December 1st. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.02. Ascena Retail Group had a net margin of 0.29% and a return on equity of 4.50%. The company earned $1.68 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that Ascena Retail Group, Inc. will post $0.39 earnings per share for the current year.
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A number of analysts have weighed in on ASNA shares. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Cowen and Company reissued a “market perform” rating and set a $7.00 price objective on shares of Ascena Retail Group in a report on Sunday, December 4th. Goldman Sachs Group, Inc. (The) started coverage on shares of Ascena Retail Group in a report on Thursday, December 15th. They set a “neutral” rating and a $7.00 price objective on the stock. FBR & Co set a $7.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Wednesday, December 14th. Finally, RBC Capital Markets set a $6.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.22.
In related news, Chairman Elliot S. Jaffe sold 9,150 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $7.61, for a total value of $69,631.50. Following the completion of the transaction, the chairman now owns 1,093,267 shares in the company, valued at approximately $8,319,761.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.
About Ascena Retail Group
Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.
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