Is Ascena Retail Group Incorporated (NASDAQ:ASNA) a Buy? The Stock Reported Less Sellers

January 12, 2018 - By Henry Gaston

 Is Ascena Retail Group Incorporated (NASDAQ:ASNA) a Buy? The Stock Reported Less Sellers

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.22, from 0.94 in 2017Q2. It improved, as 16 investors sold Ascena Retail Group, Inc. shares while 47 reduced holdings. 28 funds opened positions while 45 raised stakes. 178.41 million shares or 0.67% less from 179.61 million shares in 2017Q2 were reported.
Holt Advsr Limited Liability Company Dba Holt Partners Lp holds 0.02% or 25,980 shares. Barclays Public Ltd Liability reported 479,136 shares. Suntrust Banks holds 14,424 shares or 0% of its portfolio. Ameritas Inv Prns reported 14,943 shares or 0% of all its holdings. Pub Employees Retirement Association Of Colorado stated it has 31,115 shares. Fny Managed Accounts Lc has 36,000 shares. Prelude Cap Mgmt Ltd Limited Liability Company stated it has 21,600 shares or 0% of all its holdings. Louisiana State Employees Retirement Systems reported 68,800 shares. Us State Bank De reported 1,348 shares. Asset Inc reported 0% stake. 7,760 were accumulated by Washington Bancorp. Comerica Fincl Bank has 0% invested in Ascena Retail Group, Inc. (NASDAQ:ASNA) for 184,960 shares. Ameriprise Fincl has invested 0% of its portfolio in Ascena Retail Group, Inc. (NASDAQ:ASNA). Citigroup Incorporated invested in 38,255 shares or 0% of the stock. Pinebridge Invests Ltd Partnership invested 0.02% of its portfolio in Ascena Retail Group, Inc. (NASDAQ:ASNA).

Since September 29, 2017, it had 0 insider buys, and 1 insider sale for $2,174 activity.

The stock of Ascena Retail Group Incorporated (NASDAQ:ASNA) registered a decrease of 2.21% in short interest. ASNA’s total short interest was 41.58 million shares in January as published by FINRA. Its down 2.21% from 42.52M shares, reported previously. With 2.04 million shares average volume, it will take short sellers 20 days to cover their ASNA’s short positions. The short interest to Ascena Retail Group Incorporated’s float is 30.91%.

The stock increased 3.44% or $0.0706 during the last trading session, reaching $2.1206. About 259,347 shares traded. Ascena Retail Group, Inc. (NASDAQ:ASNA) has declined 70.94% since January 12, 2017 and is downtrending. It has underperformed by 87.64% 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 $405.78 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 9 analysts covering Ascena Retail Group (NASDAQ:ASNA), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Ascena Retail Group had 28 analyst reports since September 24, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Tuesday, August 15 with “Neutral”. As per Wednesday, June 1, the company rating was maintained by FBR Capital. On Monday, January 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. KeyBanc Capital Markets maintained Ascena Retail Group, Inc. (NASDAQ:ASNA) on Wednesday, August 30 with “Hold” rating. The stock of Ascena Retail Group, Inc. (NASDAQ:ASNA) has “Hold” rating given on Thursday, November 16 by KeyBanc Capital Markets. The rating was initiated by Citigroup with “Neutral” on Wednesday, October 7. The stock of Ascena Retail Group, Inc. (NASDAQ:ASNA) has “Market Perform” rating given on Tuesday, January 12 by Telsey Advisory Group. Telsey Advisory Group maintained the shares of ASNA in report on Tuesday, September 20 with “Market Perform” rating. The stock of Ascena Retail Group, Inc. (NASDAQ:ASNA) earned “Hold” rating by RBC Capital Markets on Monday, June 12. RBC Capital Markets downgraded it to “Sector Perform” rating and $7 target in Tuesday, September 20 report.

More notable recent Ascena Retail Group, Inc. (NASDAQ:ASNA) news were published by: Businesswire.com which released: “ascena retail group, inc. Announces Participation in the 20th Annual ICR …” on January 02, 2018, also Seekingalpha.com with their article: “Ascena Retail: Run!” published on January 04, 2018, Reuters.com published: “BRIEF-Ascena Retail Group Announces Holiday Sales Results” on January 08, 2018. More interesting news about Ascena Retail Group, Inc. (NASDAQ:ASNA) were released by: Seekingalpha.com and their article: “Ascena Retail updates guidance” published on January 08, 2018 as well as Seekingalpha.com‘s news article titled: “Ascena Q1 Update: Still Bullish Despite Volatility” with publication date: January 04, 2018.

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