Greenwood Investments Lowers stake in Ascena Retail Group Inc (ASNA)

Ascena Retail Group Inc (ASNA) : Greenwood Investments reduced its stake in Ascena Retail Group Inc by 23.47% during the most recent quarter end. The investment management company now holds a total of 894,573 shares of Ascena Retail Group Inc which is valued at $6.6 Million after selling 274,330 shares in Ascena Retail Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Ascena Retail Group Inc makes up approximately 10.85% of Greenwood Investments’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies sold out all of its stake in ASNA during the most recent quarter. The investment firm sold 553,940 shares of ASNA which is valued $4.1 Million.Boston Partners reduced its stake in ASNA by selling 894,015 shares or 29.39% in the most recent quarter. The Hedge Fund company now holds 2,148,136 shares of ASNA which is valued at $15.9 Million. Ascena Retail Group Inc makes up approx 0.02% of Boston Partners’s portfolio.New York State Common Retirement Fund boosted its stake in ASNA in the latest quarter, The investment management firm added 32,344 additional shares and now holds a total of 349,333 shares of Ascena Retail Group Inc which is valued at $2.9 Million. Diam Ltd. sold out all of its stake in ASNA during the most recent quarter. The investment firm sold 28,000 shares of ASNA which is valued $229,320.Retirement Systems Of Alabama reduced its stake in ASNA by selling 1,454 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 220,134 shares of ASNA which is valued at $1.9 Million. Ascena Retail Group Inc makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.

Ascena Retail Group Inc opened for trading at $7.03 and hit $7.34 on the upside on Wednesday, eventually ending the session at $7.3, with a gain of 3.25% or 0.23 points. The heightened volatility saw the trading volume jump to 27,88,335 shares. Company has a market cap of $1,416 M.

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. 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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