Murphy Michael R buys $14,296,955 stake in Ascena Retail Group Inc (ASNA)

Ascena Retail Group Inc (ASNA) : Murphy Michael R scooped up 968,546 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 12, 2016. The investment management firm now holds a total of 1,840,020 shares of Ascena Retail Group Inc which is valued at $14,296,955.Ascena Retail Group Inc makes up approximately 5.08% of Murphy Michael R’s portfolio.

Other Hedge Funds, Including , Seven Eight Capital sold out all of its stake in ASNA during the most recent quarter. The investment firm sold 35,124 shares of ASNA which is valued $272,913.Victory Capital Management Inc boosted its stake in ASNA in the latest quarter, The investment management firm added 961,093 additional shares and now holds a total of 2,902,418 shares of Ascena Retail Group Inc which is valued at $21,971,304. Ascena Retail Group Inc makes up approx 0.09% of Victory Capital Management Inc’s portfolio. Thompson Siegel Walmsley sold out all of its stake in ASNA during the most recent quarter. The investment firm sold 132,600 shares of ASNA which is valued $1,017,042.State Treasurer State Of Michigan boosted its stake in ASNA in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 68,508 shares of Ascena Retail Group Inc which is valued at $502,164.Strs Ohio boosted its stake in ASNA in the latest quarter, The investment management firm added 27,100 additional shares and now holds a total of 132,600 shares of Ascena Retail Group Inc which is valued at $1,084,668.

Ascena Retail Group Inc opened for trading at $8.7 and hit $8.75 on the upside on Monday, eventually ending the session at $8.67, with a gain of 0.12% or 0.01 points. The heightened volatility saw the trading volume jump to 17,28,683 shares. Company has a market cap of $1,683 M.

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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