Guggenheim Capital LLC Lifted Holding in Ascena Retail Group Inc (ASNA)

Guggenheim Capital LLC Lifted Holding in Ascena Retail Group Inc (ASNA)

Guggenheim Capital LLC increased its position in Ascena Retail Group Inc (NASDAQ:ASNA) by 200.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 607,988 shares of the company’s stock after buying an additional 405,687 shares during the period. Guggenheim Capital LLC’s holdings in Ascena Retail Group were worth $3,764,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of Ascena Retail Group by 4.2% in the third quarter. BlackRock Fund Advisors now owns 8,917,052 shares of the company’s stock worth $49,846,000 after buying an additional 358,512 shares during the period. BlackRock Inc. boosted its position in shares of Ascena Retail Group by 3.9% in the third quarter. BlackRock Inc. now owns 99,903 shares of the company’s stock worth $558,000 after buying an additional 3,714 shares during the period. ICM Asset Management Inc. WA boosted its position in shares of Ascena Retail Group by 80.6% in the third quarter. ICM Asset Management Inc. WA now owns 282,500 shares of the company’s stock worth $1,579,000 after buying an additional 126,055 shares during the period. Geduld E E bought a new position in shares of Ascena Retail Group during the third quarter worth approximately $168,000. Finally, TradeLink Capital LLC boosted its position in shares of Ascena Retail Group by 124.7% in the third quarter. TradeLink Capital LLC now owns 49,508 shares of the company’s stock worth $277,000 after buying an additional 27,477 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ascena Retail Group Inc (NASDAQ:ASNA) opened at 3.85 on Wednesday. Ascena Retail Group Inc has a 12 month low of $3.76 and a 12 month high of $11.26. The company has a market capitalization of $738.00 million, a price-to-earnings ratio of 106.94 and a beta of 1.93. The stock has a 50 day moving average price of $4.68 and a 200-day moving average price of $5.72.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Monday, March 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. The firm earned $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. Ascena Retail Group had a return on equity of 4.50% and a net margin of 0.29%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. Analysts expect that Ascena Retail Group Inc will post $0.39 earnings per share for the current fiscal year.

A number of equities analysts have commented on the company. Goldman Sachs Group Inc assumed coverage on Ascena Retail Group in a research note on Thursday, December 15th. They issued a “neutral” rating and a $7.00 price target on the stock. FBR & Co set a $7.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research note on Wednesday, December 14th. Cowen and Company reaffirmed a “market perform” rating and issued a $7.00 price target on shares of Ascena Retail Group in a research note on Sunday, December 4th. Zacks Investment Research raised Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Finally, Royal Bank of Canada set a $6.00 price target on Ascena Retail Group and gave the stock a “hold” rating in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.13.

About Ascena Retail Group

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

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