Coliseum Capital Management LLC held its stake in Ascena Retail Group, Inc. (NASDAQ:ASNA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,624,132 shares of the specialty retailer’s stock at the end of the first quarter. Ascena Retail Group accounts for 10.8% of Coliseum Capital Management LLC’s holdings, making the stock its 3rd largest position. Coliseum Capital Management LLC’s holdings in Ascena Retail Group were worth $23,959,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in ASNA. BlackRock Inc. increased its stake in Ascena Retail Group by 54,175.1% in the first quarter. BlackRock Inc. now owns 21,051,698 shares of the specialty retailer’s stock worth $89,680,000 after buying an additional 21,012,911 shares in the last quarter. Nomura Holdings Inc. increased its stake in Ascena Retail Group by 72.5% in the first quarter. Nomura Holdings Inc. now owns 19,090,378 shares of the specialty retailer’s stock worth $81,377,000 after buying an additional 8,025,583 shares in the last quarter. Norges Bank purchased a new stake in Ascena Retail Group during the fourth quarter worth $32,459,000. Dimensional Fund Advisors LP increased its stake in Ascena Retail Group by 18.9% in the first quarter. Dimensional Fund Advisors LP now owns 13,252,587 shares of the specialty retailer’s stock worth $56,456,000 after buying an additional 2,102,956 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Ascena Retail Group by 1,260.4% in the fourth quarter. Two Sigma Investments LP now owns 1,980,255 shares of the specialty retailer’s stock worth $12,258,000 after buying an additional 1,834,691 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.
Shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) traded down 3.54% during mid-day trading on Friday, hitting $2.18. 8,552,645 shares of the stock traded hands. Ascena Retail Group, Inc. has a 52 week low of $1.65 and a 52 week high of $9.11. The stock’s market cap is $418.34 million. The firm’s 50-day moving average is $2.65 and its 200-day moving average is $4.51.
Ascena Retail Group (NASDAQ:ASNA) last announced its earnings results on Thursday, June 8th. The specialty retailer reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion. Ascena Retail Group had a positive return on equity of 2.96% and a negative net margin of 15.25%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, analysts forecast that Ascena Retail Group, Inc. will post $0.12 earnings per share for the current year.
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ASNA has been the subject of a number of recent analyst reports. Telsey Advisory Group decreased their target price on shares of Ascena Retail Group from $6.00 to $3.00 and set a “market perform” rating for the company in a research report on Thursday, May 18th. Royal Bank of Canada set a $5.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research report on Monday, April 3rd. Citigroup Inc. downgraded shares of Ascena Retail Group from a “neutral” rating to a “sell” rating and set a $3.00 price objective for the company. in a research report on Tuesday, March 7th. Guggenheim began coverage on shares of Ascena Retail Group in a research report on Thursday, March 9th. They set a “neutral” rating for the company. Finally, Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.50.
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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