Time to Reconsider Ascena Retail Group Inc (NASDAQ:ASNA) After More Short Sellers?

June 19, 2018 - By Marguerite Chambers

Ascena Retail Group, Inc. (NASDAQ:ASNA) Logo

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.09, from 1.18 in 2017Q4. It worsened, as 28 investors sold Ascena Retail Group, Inc. shares while 38 reduced holdings. 21 funds opened positions while 51 raised stakes. 189.24 million shares or 9.56% more from 172.72 million shares in 2017Q4 were reported.
Finance Architects stated it has 0% of its portfolio in Ascena Retail Group, Inc. (NASDAQ:ASNA). Legal And General Grp Inc Public Ltd Com owns 340,507 shares or 0% of their US portfolio. Invesco Limited holds 0% of its portfolio in Ascena Retail Group, Inc. (NASDAQ:ASNA) for 441,572 shares. Moreover, Ameriprise Inc has 0% invested in Ascena Retail Group, Inc. (NASDAQ:ASNA) for 886,713 shares. Qcm Cayman stated it has 11,304 shares. Whittier Trust reported 0% stake. Virtu Fincl Limited Liability Company owns 58,226 shares. Barrow Hanley Mewhinney & Strauss Limited Liability Company holds 353,926 shares. Golden Gate Private Equity Inc holds 29.04% in Ascena Retail Group, Inc. (NASDAQ:ASNA) or 17.47M shares. State Of Alaska Department Of Revenue invested in 0% or 55,054 shares. Gotham Asset Management Limited has 0% invested in Ascena Retail Group, Inc. (NASDAQ:ASNA) for 147,612 shares. Wells Fargo And Co Mn has invested 0% in Ascena Retail Group, Inc. (NASDAQ:ASNA). United Services Automobile Association reported 0% stake. Amalgamated Fincl Bank reported 24,795 shares or 0% of all its holdings. Towle & has invested 1.72% in Ascena Retail Group, Inc. (NASDAQ:ASNA).

The stock of Ascena Retail Group Inc (NASDAQ:ASNA) registered an increase of 0.38% in short interest. ASNA’s total short interest was 38.39M shares in June as published by FINRA. Its up 0.38% from 38.25 million shares, reported previously. With 754,400 shares average volume, it will take short sellers 51 days to cover their ASNA’s short positions. The short interest to Ascena Retail Group Inc’s float is 32.18%.

It closed at $3.99 lastly. It is up 84.88% since June 19, 2017 and is uptrending. It has outperformed by 72.31% the S&P500.

Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company has market cap of $765.23 million. The firm operates through six divisions: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It currently has negative earnings. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.

Ascena Retail Group, Inc. (NASDAQ:ASNA) Ratings Coverage

Among 3 analysts covering Ascena Retail Group (NASDAQ:ASNA), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Ascena Retail Group has $2 highest and $2.0 lowest target. $2’s average target is -49.87% below currents $3.99 stock price. Ascena Retail Group had 3 analyst reports since March 6, 2018 according to SRatingsIntel. B. Riley & Co maintained the shares of ASNA in report on Tuesday, March 6 with “Neutral” rating. FBR Capital maintained Ascena Retail Group, Inc. (NASDAQ:ASNA) rating on Tuesday, March 6. FBR Capital has “Hold” rating and $2.0 target.

More notable recent Ascena Retail Group, Inc. (NASDAQ:ASNA) news were published by: Nasdaq.com which released: “Why Francesca Holdings Corporation Stock Rose 19% in May” on June 07, 2018, also Fool.com with their article: “Why Ascena Retail Group Inc. Surged 47% Last Month” published on June 06, 2018, Streetinsider.com published: “After-Hours Stock Movers 06/04: (TWTR) (MYL) (NX) Higher; (ANW) (ASNA) (COOL) Lower (more…)” on June 04, 2018. More interesting news about Ascena Retail Group, Inc. (NASDAQ:ASNA) were released by: Nasdaq.com and their article: “Report: Developing Opportunities within ConocoPhillips, Teleflex, Enterprise Products Partners, Tandem Diabetes …” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Ascena Retail lower after weak profit guidance” with publication date: June 04, 2018.

Ascena Retail Group, Inc. (NASDAQ:ASNA) Ratings Chart

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