Ascena Retail Group Inc (NASDAQ:ASNA) gapped up prior to trading on Wednesday . The stock had previously closed at $0.35, but opened at $0.45. Ascena Retail Group shares last traded at $0.42, with a volume of 115,835 shares changing hands.
Separately, ValuEngine raised shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $1.64.
The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 8.86. The company’s 50 day simple moving average is $0.41 and its 200 day simple moving average is $0.47.
Large investors have recently modified their holdings of the business. Paloma Partners Management Co bought a new stake in Ascena Retail Group in the second quarter valued at approximately $65,000. Tower Research Capital LLC TRC bought a new stake in Ascena Retail Group in the third quarter valued at approximately $29,000. Public Employees Retirement System of Ohio increased its stake in Ascena Retail Group by 127.3% in the third quarter. Public Employees Retirement System of Ohio now owns 183,281 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 102,631 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake 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 valued at $125,000 after purchasing an additional 43,705 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Ascena Retail Group by 391.9% during the second quarter. JPMorgan Chase & Co. now owns 210,186 shares of the specialty retailer’s stock worth $118,000 after acquiring an additional 167,458 shares in the last quarter. 74.26% of the stock is owned by hedge funds and other institutional investors.
About Ascena Retail Group (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.
Further Reading: What is cost of equity?
Receive News & Ratings for Ascena Retail Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascena Retail Group and related companies with MarketBeat.com's FREE daily email newsletter.