Bourgeon Capital Management buys $1,645,219 stake in Ascena Retail Group Inc (ASNA)

Ascena Retail Group Inc (ASNA) : Bourgeon Capital Management scooped up 15,600 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 2, 2016. The investment management firm now holds a total of 224,450 shares of Ascena Retail Group Inc which is valued at $1,645,219.Ascena Retail Group Inc makes up approximately 1.02% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management added ASNA to its portfolio by purchasing 55,500 company shares during the most recent quarter which is valued at $406,815. Ascena Retail Group Inc makes up approx 0.02% of Quantitative Investment Management’s portfolio.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.Louisiana State Employees Retirement System reduced its stake in ASNA by selling 2,000 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 45,400 shares of ASNA which is valued at $371,372. Ascena Retail Group Inc makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.New York State Teachers Retirement System reduced its stake in ASNA by selling 7,700 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 307,622 shares of ASNA which is valued at $2,470,205. Ascena Retail Group Inc makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.

Ascena Retail Group Inc closed down -0.05 points or -0.65% at $7.62 with 19,07,712 shares getting traded on Monday. Post opening the session at $7.64, the shares hit an intraday low of $7.58 and an intraday high of $7.86 and the price fluctuated in this range throughout the day.Shares ended Monday 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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