Ascena Retail Group Inc (NASDAQ:ASNA) was the target of a significant growth in short interest during the month of April. As of April 13th, there was short interest totalling 39,857,424 shares, a growth of 5.2% from the March 31st total of 37,884,861 shares. Currently, 26.0% of the company’s stock are sold short. Based on an average daily volume of 3,095,997 shares, the short-interest ratio is presently 12.9 days.
Large investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new stake in Ascena Retail Group during the fourth quarter worth $114,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Ascena Retail Group during the fourth quarter worth about $130,000. Boothbay Fund Management LLC purchased a new position in shares of Ascena Retail Group during the fourth quarter worth about $165,000. Highbridge Capital Management LLC boosted its position in shares of Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock worth $167,000 after buying an additional 26,909 shares in the last quarter. 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 specialty retailer’s stock worth $277,000 after buying an additional 27,477 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.
Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 3.76 on Thursday. The company’s 50-day moving average is $3.94 and its 200 day moving average is $5.18. The firm has a market cap of $720.75 million, a price-to-earnings ratio of 104.44 and a beta of 1.93. Ascena Retail Group has a 1-year low of $3.53 and a 1-year high of $9.11.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, March 6th. The specialty retailer reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The business earned $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Ascena Retail Group had a net margin of 0.29% and a return on equity of 4.50%. Ascena Retail Group’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, equities research analysts expect that Ascena Retail Group will post $0.38 EPS for the current fiscal year.
ASNA has been the topic of several research analyst reports. Citigroup Inc cut shares of Ascena Retail Group from a “neutral” rating to a “sell” rating and set a $3.00 price target on the stock. in a research report on Tuesday, March 7th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Tuesday, January 10th. Royal Bank of Canada set a $5.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Monday, April 3rd. Guggenheim started coverage on shares of Ascena Retail Group in a research note on Thursday, March 9th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.83.
ILLEGAL ACTIVITY WARNING: “Short Interest in Ascena Retail Group Inc (ASNA) Grows By 5.2%” was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/05/04/short-interest-in-ascena-retail-group-inc-asna-grows-by-5-2.html.
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.
Receive News & Ratings for Ascena Retail Group Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ascena Retail Group Inc and related companies with MarketBeat.com’s FREE daily email newsletter.