Stadium Capital Management buys $91.2 Million stake in Ascena Retail Group Inc (ASNA)

Ascena Retail Group Inc (ASNA) : Stadium Capital Management scooped up 3,113,869 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 May 12, 2016. The investment management firm now holds a total of 12,345,927 shares of Ascena Retail Group Inc which is valued at $91.2 Million.Ascena Retail Group Inc makes up approximately 33.11% of Stadium Capital Management’s portfolio.

Other Hedge Funds, Including , Group One Trading added ASNA to its portfolio by purchasing 60,188 company shares during the most recent quarter which is valued at $444,789. Ascena Retail Group Inc makes up approx 0.05% of Group One Trading’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in ASNA in the latest quarter, The investment management firm added 151,750 additional shares and now holds a total of 5,062,723 shares of Ascena Retail Group Inc which is valued at $37.4 Million. Ascena Retail Group Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Blackrock Advisors boosted its stake in ASNA in the latest quarter, The investment management firm added 5,432 additional shares and now holds a total of 78,648 shares of Ascena Retail Group Inc which is valued at $581,209. Airain Ltd added ASNA to its portfolio by purchasing 31,076 company shares during the most recent quarter which is valued at $229,652. Ascena Retail Group Inc makes up approx 0.02% of Airain Ltd’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in ASNA in the latest quarter, The investment management firm added 13,258 additional shares and now holds a total of 148,292 shares of Ascena Retail Group Inc which is valued at $1.2 Million.

Ascena Retail Group Inc opened for trading at $7.11 and hit $7.25 on the upside on Friday, eventually ending the session at $7.23, with a gain of 1.97% or 0.14 points. The heightened volatility saw the trading volume jump to 31,09,412 shares. Company has a market cap of $1,402,613 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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