There has been some buying and selling insider activity on Ascena Retail Group, Inc. (NASDAQ:ASNA) recently. Elliot S. Jaffe, Chairman let go of $6,735 worth of shares at an average price of $5.66 on Tue the 27th. The Chairman now owns $6,048,638 of the stock per an SEC filing yesterday. Yesterday EVP Robert Giammatteo disclosed the purchase of 5,000 shares. The shares were bought on June 2nd for an average price of $7.18. Giammatteo now owns $119,748 of the stock according to the SEC filing.
Katie J. Bayne, Director reported the purchase of 4,000 shares of (ASNA). The shares were purchased at an average price of $10.12. The Director now owns $67,764 of the stock per the Form 4 SEC filing.
These firms have also modified their investment in ASNA. Northwestern Mutual Investment Management Company, LLC augmented its investment by buying 38 shares an increase of 0.1% in the quarter. Northwestern Mutual Investment Management Company, LLC now controls 29,492 shares valued at $206,000. The total value of its holdings decreased 36.8%. Mason Street Advisors, LLC expanded its holdings by buying 5,675 shares an increase of 7.9% as of 06/30/2016. Mason Street Advisors, LLC owns 77,904 shares with a value of $545,000. The value of the position overall is down by 23.3%.
Ifp Advisors, Inc grew its position by buying 7 shares an increase of 0.5% from 03/31/2016 to 06/30/2016. Ifp Advisors, Inc now holds 1,418 shares worth $10,000. The total value of its holdings decreased 37.5%. Sterling Capital Management LLC cut its ownership by selling 494,137 shares a decrease of 7.1%. Sterling Capital Management LLC claims 6,480,439 shares valued at $45,298,000. The value of the position overall is down by 41.3%.
On September 20 the company was changed to a “Market Perform” by Oppenheimer which was a cut from the previous “” rating. On September 20 the company was rated “Sector Perform” according to a RBC Capital report down from the previous “Outperform” rating.
On February 11, 2016 the stock rating was rated “Neutral” by Goldman Sachs which is up from the previous “Sell” rating. On October 7, 2015 Citigroup began coverage of the stock with an initial rating of “Neutral” and establishing a price target of $14.00.
July 13 investment analysts at Piper Jaffray left the stock rating at “Overweight” and raised the price expectation from $18.00 to $17.00. On June 12 the stock rating was upgraded from “Sector Perform” to “Outperform” with a current price target of $20.00 in a report from RBC Capital.
The company is trading down since yesterday’s close of $5.74. Company shares last traded at $5.60 just a bit lower than $7.77, the 50 day moving average and marginally under the 200 day moving average of $8.18. The 50 day moving average went down $-2.16 or -27.78% and the 200 day average went down $-2.57 or -31.43%.
In the latest earnings report the EPS was $-0.06 and is expected to be $0.63 for the current year with 191,941,000 shares currently outstanding. Next quarter’s EPS is expected be $0.01 and the next full year EPS is anticipated to be $0.73.
Investors are a little more bullish on shares of Ascena Retail Group, Inc. recently as inferred by the decrease in short interest. The firm experienced a fall in short interest between August 31, 2016 and September 15, 2016 of -0.00%. Short interest fell from 29,139,141 to 29,105,636 over that period. The days to cover increased to 13.9 and the percentage of shorted shares is 0.15% as of September 15.