Shares of Ascena Retail Group Inc (NASDAQ:ASNA) rose 0.5% on Monday . The company traded as high as $0.46 and last traded at $0.46, approximately 68,168 shares were traded during trading. A decline of 96% from the average daily volume of 1,590,575 shares. The stock had previously closed at $0.46.
Separately, ValuEngine raised Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $1.64.
The company has a 50 day moving average price of $0.41 and a 200-day moving average price of $0.49. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 8.86.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC acquired a new position in Ascena Retail Group in the second quarter valued at $27,000. Paloma Partners Management Co acquired a new stake in Ascena Retail Group during the 2nd quarter worth about $65,000. Tower Research Capital LLC TRC bought a new position in shares of Ascena Retail Group in the 3rd quarter worth about $29,000. Public Employees Retirement System of Ohio raised its position in shares of Ascena Retail Group by 127.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 183,281 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 102,631 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in Ascena Retail Group by 27.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 205,427 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 43,705 shares in the last quarter. 74.26% of the stock is currently owned by hedge funds and other institutional investors.
Ascena Retail Group Company Profile (NASDAQ:ASNA)
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 four segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. It offers a range of merchandise, including apparel, accessories, footwear, and intimates; and lifestyle products comprising cosmetics and bedroom accessories.
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