Sentinel Trust Co Lba buys $5,745,227 stake in Ascena Retail Group Inc (ASNA)

Ascena Retail Group Inc (ASNA) : Sentinel Trust Co Lba scooped up 22,090 additional shares in Ascena Retail Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 605,398 shares of Ascena Retail Group Inc which is valued at $5,745,227.Ascena Retail Group Inc makes up approximately 0.85% of Sentinel Trust Co Lba’s portfolio.

Ascena Retail Group Inc opened for trading at $9.42 and hit $9.58 on the upside on Monday, eventually ending the session at $9.51, with a gain of 0.21% or 0.02 points. The heightened volatility saw the trading volume jump to 10,35,125 shares. Company has a market cap of $1,845 M.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in ASNA by selling 30 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 25,517 shares of ASNA which is valued at $242,156. Ascena Retail Group Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning reduced its stake in ASNA by selling 200 shares or 97.09% in the most recent quarter. The Hedge Fund company now holds 6 shares of ASNA which is valued at $55.Eqis Capital Management reduced its stake in ASNA by selling 790 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 19,088 shares of ASNA which is valued at $174,464. Ascena Retail Group Inc makes up approx 0.01% of Eqis Capital Management’s portfolio.

On the company’s financial health, Ascena Retail Group Inc reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $-0.01. The company had revenue of $1842.00 million for the quarter, compared to analysts expectations of $1881.33 million. The company’s revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on Ascena Retail Group Inc. Shares were Reiterated by FBR Capital on Feb 17, 2016 to “Outperform” and Lowered the Price Target to $ 18 from a previous price target of $20 .Ascena Retail Group Inc was Upgraded by Goldman to ” Neutral” on Feb 11, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 15, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $18 .

Ascena Retail Group Inc. is a specialty retailer which offers clothing shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor LOFT Lane Bryant maurices dressbarn Catherines and Justice brands. It operates through six segments: ANN Justice Lane Bryant maurices dressbarn and Catherines. The ANN segment consists of specialty retail outlet and e-commerce operations of Ann Taylor and LOFT brands. The Justice merchandise mix includes apparel accessories footwear intimates and lifestyle products. The Lane Bryant segment offers apparel including intimate apparel wear-to-work and casual sportswear accessories select footwear and social occasion apparel. The maurices brand caters customers in ages between over 20 and 30 including core and plus-size offerings. The dressbarn brand caters female consumers in ages between approximately 30 and 50. Catherines offers apparel and accessories for wear-to-work and casual lifestyles.

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