Legal & General Group Plc reduced its position in Ascena Retail Group Inc (NASDAQ:ASNA) by 47.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 323,038 shares of the specialty retailer’s stock after selling 290,709 shares during the period. Legal & General Group Plc owned about 0.16% of Ascena Retail Group worth $791,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Ascena Retail Group by 14.5% in the 2nd quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock valued at $35,763,000 after acquiring an additional 2,101,044 shares during the period. Dimensional Fund Advisors LP grew its position in Ascena Retail Group by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,899,897 shares of the specialty retailer’s stock valued at $32,035,000 after acquiring an additional 1,647,310 shares during the last quarter. Sapience Investments LLC lifted its stake in Ascena Retail Group by 97.6% in the second quarter. Sapience Investments LLC now owns 5,451,695 shares of the specialty retailer’s stock valued at $11,721,000 after buying an additional 2,692,810 shares during the period. Towle & Co. raised its position in shares of Ascena Retail Group by 3.6% during the third quarter. Towle & Co. now owns 4,353,400 shares of the specialty retailer’s stock worth $10,666,000 after purchasing an additional 151,201 shares during the period. Finally, Northern Trust Corp raised its position in shares of Ascena Retail Group by 1.8% during the second quarter. Northern Trust Corp now owns 2,175,014 shares of the specialty retailer’s stock worth $4,677,000 after purchasing an additional 39,051 shares during the period. 94.92% of the stock is currently owned by institutional investors and hedge funds.
Ascena Retail Group Inc (NASDAQ ASNA) opened at $2.29 on Thursday. Ascena Retail Group Inc has a 12-month low of $1.65 and a 12-month high of $6.61. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. The company has a market capitalization of $446.97, a price-to-earnings ratio of -0.42 and a beta of 1.96.
Several equities analysts recently issued reports on ASNA shares. Zacks Investment Research upgraded Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. KeyCorp restated a “hold” rating on shares of Ascena Retail Group in a research note on Wednesday, October 11th. Royal Bank of Canada set a $3.00 price target on Ascena Retail Group and gave the company a “hold” rating in a report on Saturday, October 7th. BidaskClub upgraded Ascena Retail Group from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, ValuEngine downgraded Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.75.
In related news, Director Krill Katherine Lawther sold 195,600 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $2.45, for a total transaction of $479,220.00. Following the sale, the director now owns 108,957 shares of the company’s stock, valued at approximately $266,944.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.02% of the stock is currently owned by insiders.
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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