Ascena Retail Group, Inc. (ASNA) Files Form 4 Insider Buying : Robert Giammatteo Buys 5,000 Shares

Ascena Retail Group, Inc. (ASNA): Robert Giammatteo , CFO of Ascena Retail Group, Inc. purchased 5,000 shares on Jun 2, 2016. The Insider buying transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.18 per share for a total value of $35,910.10 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 7, 2016, Katie J Bayne (director) purchased 4,000 shares at $10.12 per share price.On Mar 16, 2016, Catherine Elizabeth Buggeln (director) purchased 5,000 shares at $10.25 per share price.Also, On Jan 28, 2016, John E Pershing (EVP, Chief HR Officer) sold 4,505 shares at $7.47 per share price.On Jan 14, 2016, David R Jaffe (CEO) purchased 10,000 shares at $8.50 per share price.

Shares of Ascena Retail Group Inc (ASNA) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -3.50% at $7.17 with 33,62,267 shares getting traded. Post opening the session at $7.49, the shares hit an intraday low of $7.14 and an intraday high of $7.67 and the price vacillated in this range throughout the day. The company has a market cap of $1,392 M and the number of outstanding shares has been calculated to be 19,41,23,040 shares. The 52-week high of Ascena Retail Group Inc is $17.59 and the 52-week low is $6.33.

Ascena Retail Group Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ascena Retail Group Inc is Reiterated by Telsey Advisory Group to Market Perform while Lowering the Price Target of the company shares to $ 10 from a previous price target of $11 . The Rating was issued on Jun 1, 2016.Ascena Retail Group Inc is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 15 from a previous price target of $18 . The Rating was issued on Jun 1, 2016.

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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