Tradelink Capital buys $161,487 stake in Ascena Retail Group Inc (ASNA)

Ascena Retail Group Inc (ASNA) : Tradelink Capital scooped up 3,769 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 1, 2016. The investment management firm now holds a total of 22,031 shares of Ascena Retail Group Inc which is valued at $161,487.Ascena Retail Group Inc makes up approximately 0.75% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in ASNA by selling 22,110 shares or 84.84% in the most recent quarter. The Hedge Fund company now holds 3,951 shares of ASNA which is valued at $28,961.Retirement Systems Of Alabama boosted its stake in ASNA in the latest quarter, The investment management firm added 227 additional shares and now holds a total of 220,361 shares of Ascena Retail Group Inc which is valued at $1,802,553. Ascena Retail Group Inc makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio. Parametrica Management Ltd added ASNA to its portfolio by purchasing 11,401 company shares during the most recent quarter which is valued at $91,550. Ascena Retail Group Inc makes up approx 0.13% of Parametrica Management Ltd’s portfolio.Eqis Capital Management boosted its stake in ASNA in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 19,209 shares of Ascena Retail Group Inc which is valued at $152,519. Ascena Retail Group Inc makes up approx 0.01% of Eqis Capital Management’s portfolio.Cutler Group Lp reduced its stake in ASNA by selling 25,005 shares or 88.7% in the most recent quarter. The Hedge Fund company now holds 3,185 shares of ASNA which is valued at $24,525.

Ascena Retail Group Inc closed down -0.03 points or -0.41% at $7.3 with 16,01,307 shares getting traded on Thursday. Post opening the session at $7.33, the shares hit an intraday low of $7.3 and an intraday high of $7.56 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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