Ascena Retail Group Inc (ASNA) Shares Bought by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP raised its stake in shares of Ascena Retail Group Inc (NASDAQ:ASNA) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,413,070 shares of the specialty retailer’s stock after purchasing an additional 1,294,987 shares during the period. Dimensional Fund Advisors LP owned 8.37% of Ascena Retail Group worth $65,408,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ASNA. Strs Ohio increased its position in shares of Ascena Retail Group by 28.6% in the second quarter. Strs Ohio now owns 177,200 shares of the specialty retailer’s stock worth $706,000 after acquiring an additional 39,400 shares in the last quarter. Royce & Associates LP increased its position in shares of Ascena Retail Group by 12.0% in the second quarter. Royce & Associates LP now owns 1,382,466 shares of the specialty retailer’s stock worth $5,509,000 after acquiring an additional 147,998 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Ascena Retail Group by 40.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,026,400 shares of the specialty retailer’s stock worth $8,075,000 after acquiring an additional 581,400 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Ascena Retail Group by 216.8% in the second quarter. SG Americas Securities LLC now owns 1,016,014 shares of the specialty retailer’s stock worth $4,049,000 after acquiring an additional 695,281 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Ascena Retail Group in the second quarter worth $1,248,000. 94.91% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on ASNA shares. BidaskClub lowered shares of Ascena Retail Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. Zacks Investment Research lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Citigroup increased their price objective on shares of Ascena Retail Group from $1.50 to $2.00 and gave the stock a “sell” rating in a research report on Wednesday, September 26th. Finally, B. Riley increased their price objective on shares of Ascena Retail Group from $3.50 to $4.50 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.44.

ASNA traded down $0.06 during trading hours on Friday, reaching $4.52. 2,407,194 shares of the stock traded hands, compared to its average volume of 2,369,758. The firm has a market cap of $897.43 million, a price-to-earnings ratio of -226.00 and a beta of 1.61. Ascena Retail Group Inc has a fifty-two week low of $1.69 and a fifty-two week high of $5.28. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 1.66.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 24th. The specialty retailer reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.62 billion. Ascena Retail Group had a negative net margin of 0.60% and a negative return on equity of 0.59%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. On average, analysts forecast that Ascena Retail Group Inc will post 0.07 earnings per share for the current fiscal year.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.

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Institutional Ownership by Quarter for Ascena Retail Group (NASDAQ:ASNA)

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