Private Capital Management buys $19,692,661 stake in Ascena Retail Group Inc (ASNA)

Ascena Retail Group Inc (ASNA) : Private Capital Management scooped up 309,048 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 Aug 15, 2016. The investment management firm now holds a total of 2,534,448 shares of Ascena Retail Group Inc which is valued at $19,692,661.Ascena Retail Group Inc makes up approximately 2.49% of Private Capital Management’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital boosted its stake in ASNA in the latest quarter, The investment management firm added 23,078 additional shares and now holds a total of 217,597 shares of Ascena Retail Group Inc which is valued at $1,690,729. Ascena Retail Group Inc makes up approx 0.01% of Guggenheim Capital’s portfolio. Canada Pension Plan Investment Board sold out all of its stake in ASNA during the most recent quarter. The investment firm sold 4,700 shares of ASNA which is valued $36,519. Oxford Asset Management added ASNA to its portfolio by purchasing 298,134 company shares during the most recent quarter which is valued at $2,256,874. Ascena Retail Group Inc makes up approx 0.09% of Oxford Asset Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in ASNA by selling 2,478 shares or 6.22% in the most recent quarter. The Hedge Fund company now holds 37,364 shares of ASNA which is valued at $303,769.

Ascena Retail Group Inc opened for trading at $7.65 and hit $7.81 on the upside on Wednesday, eventually ending the session at $7.81, with a gain of 2.36% or 0.18 points. The heightened volatility saw the trading volume jump to 2,449,703 shares. Company has a market cap of $1,516 M.

On the company’s financial health, Ascena Retail Group Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 31, 2016. Analyst had a consensus of $0.13. The company had revenue of $1670.00 million for the quarter, compared to analysts expectations of $1733.76 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Ascena Retail Group Inc. Shares were Reiterated by Telsey Advisory Group on Jun 1, 2016 to “Market Perform” and Lowered the Price Target to $ 10 from a previous price target of $11 .Shares were Reiterated by FBR Capital on Jun 1, 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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