Spark Investment Management LLC Has $1.88 Million Stake in Ascena Retail Group Inc (ASNA)

Spark Investment Management LLC boosted its holdings in Ascena Retail Group Inc (NASDAQ:ASNA) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,744,930 shares of the specialty retailer’s stock after acquiring an additional 228,056 shares during the quarter. Spark Investment Management LLC’s holdings in Ascena Retail Group were worth $1,884,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ASNA. Sapience Investments LLC lifted its position in Ascena Retail Group by 33.1% in the 4th quarter. Sapience Investments LLC now owns 5,777,690 shares of the specialty retailer’s stock valued at $14,502,000 after acquiring an additional 1,435,520 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Ascena Retail Group by 753.4% in the 4th quarter. Acadian Asset Management LLC now owns 1,271,109 shares of the specialty retailer’s stock worth $3,192,000 after purchasing an additional 1,122,158 shares in the last quarter. BlackRock Inc. increased its stake in shares of Ascena Retail Group by 3.4% in the 4th quarter. BlackRock Inc. now owns 25,987,545 shares of the specialty retailer’s stock worth $65,227,000 after purchasing an additional 862,137 shares in the last quarter. Norges Bank purchased a new stake in shares of Ascena Retail Group in the 4th quarter worth $1,828,000. Finally, Vanguard Group Inc. increased its stake in shares of Ascena Retail Group by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,605,882 shares of the specialty retailer’s stock worth $75,889,000 after purchasing an additional 708,559 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:ASNA traded down $0.05 during trading on Tuesday, reaching $1.09. The company’s stock had a trading volume of 20,814 shares, compared to its average volume of 3,347,829. The company has a current ratio of 1.28, a quick ratio of 0.51 and a debt-to-equity ratio of 1.79. Ascena Retail Group Inc has a 12 month low of $0.97 and a 12 month high of $5.28. The company has a market cap of $248.93 million, a price-to-earnings ratio of -55.25 and a beta of 1.40.

Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings data on Thursday, March 14th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). Ascena Retail Group had a negative return on equity of 5.27% and a negative net margin of 1.11%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that Ascena Retail Group Inc will post -0.45 EPS for the current year.

ASNA has been the subject of several recent analyst reports. BidaskClub downgraded shares of Ascena Retail Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Zacks Investment Research downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. ValuEngine downgraded shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Citigroup raised shares of Ascena Retail Group from a “sell” rating to a “neutral” rating and set a $1.05 price target for the company in a report on Wednesday, April 3rd. Finally, B. Riley set a $2.00 price target on shares of Ascena Retail Group and gave the company a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ascena Retail Group currently has an average rating of “Hold” and a consensus price target of $2.64.

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

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