Ascena Retail Group Inc (NASDAQ:ASNA) was the recipient of a significant increase in short interest in the month of December. As of December 29th, there was short interest totalling 41,916,299 shares, an increase of 1.9% from the December 15th total of 41,137,769 shares. Currently, 27.2% of the shares of the company are sold short. Based on an average daily volume of 2,121,514 shares, the days-to-cover ratio is currently 19.8 days.
In other Ascena Retail Group news, Director Krill Katherine Lawther sold 19,400 shares of Ascena Retail Group stock in a transaction on Friday, December 28th. The shares were sold at an average price of $2.33, for a total value of $45,202.00. Following the completion of the transaction, the director now owns 108,957 shares of the company’s stock, valued at $253,869.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.02% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Boothbay Fund Management LLC acquired a new stake in Ascena Retail Group in the third quarter worth about $133,000. Virtu KCG Holdings LLC lifted its holdings in Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 21,823 shares during the period. M&T Bank Corp lifted its holdings in Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after purchasing an additional 1,739 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Ascena Retail Group in the third quarter worth about $172,000. Finally, Stevens Capital Management LP lifted its holdings in Ascena Retail Group by 230.3% in the third quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 53,622 shares during the period. 94.92% of the stock is owned by institutional investors and hedge funds.
Ascena Retail Group (ASNA) opened at $2.11 on Wednesday. The stock has a market cap of $413.64, a price-to-earnings ratio of -0.38 and a beta of 1.96. Ascena Retail Group has a 1-year low of $1.65 and a 1-year high of $5.94. The company has a current ratio of 1.36, a quick ratio of 0.55 and a debt-to-equity ratio of 2.24.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Monday, December 4th. The specialty retailer reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. sell-side analysts expect that Ascena Retail Group will post 0.15 EPS for the current year.
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Ascena Retail Group Company Profile
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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