Ascena Retail Group, Inc. (NASDAQ:ASNA) is on recovery track with 58.18% gain from a 1-year low price of $1.65. The company added 5.67% to attain the price of $2.61 on 12/04/2017. Throughout the recent session, the prices were hovering between $2.5 and $2.69. These shares are -4.21% up from its target price of $2.5 and the current market capitalization stands at $507.18M. The recent change has given its price a 24.67% lead over SMA 50 and -68.13% deficit over its 52-week high. The stock witnessed 33.85% gains, 31.82% gains and 47.46% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ASNA’s volatility during a week at 7% and during a month it has been found around 5.82%.

Ascena Retail Group, Inc. (ASNA) Top Holders

Institutional investors currently hold around $475 million or 99.8% in ASNA stock. Look at its top three institutional owners. Blackrock Inc. owns $53.46 million in Ascena Retail Group, Inc., which represents roughly 10.54% of the company’s market cap and approximately 11.25% of the institutional ownership. Similar statistics are true for the second largest owner, Nomura Holdings Inc, which owns 19,086,878 shares of the stock are valued at $47.15 million. The third largest holder is Golden Gate Private Equity, Inc., which currently holds $43.15 million worth of this stock and that ownership represents nearly 8.51% of its market capitalization.

Ascena Retail Group, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 77 institutional holders increased their position in Ascena Retail Group, Inc. (NASDAQ:ASNA) by some 10,715,897 shares, 72 decreased positions by 10,588,933 and 36 held positions by 170,929,171. That puts total institutional holdings at 192,234,001 shares, according to SEC filings. The stock grabbed 26 new institutional investments totaling 3,541,340 shares while 17 institutional investors sold out their entire positions totaling 3,932,311 shares.

Ascena Retail Group, Inc. (NASDAQ:ASNA) Insider Trades

Multiple company employees have indulged in significant insider trading. Ascena Retail Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Chief HR Officer Pershing John E has sold 912 shares of Ascena Retail Group, Inc. (ASNA) in trading session dated Oct. 02, 2017. These shares are worth $2,171 and were traded at $2.38 each. The SEC filing shows that Jaffe Elliot S performed a sale of 9,150 shares. The Chairman disposed these shares by way of transaction on Dec. 12, 2016. The company’s shares were given away at $7.61 per share worth to an income of some $69,632 on account of Jaffe Elliot S.

Chairman, Jaffe Elliot S, sold 1,190 common shares of Ascena Retail Group, Inc. (ASNA) in the open market. In a transaction dated Sep. 27, 2016, the shares were put up for sale at an average price of $5.66, raking in a sum of $6,735. After this sale, 1,931,602 common shares of ASNA are directly owned by the insider, with total stake valued at $5,041,481.

In the transaction dated Jun. 02, 2016, the great number of shares acquired came courtesy the EVP, CFO; Giammatteo Robert added a total of 5,000 shares at an average price of $7.18, amounting to approximately $35,900. The insider now directly owns 16,678 shares worth $43,530.

Ascena Retail Group, Inc. (ASNA) Analyst Guide

Several analysts have released their opinion on Ascena Retail Group, Inc. (NASDAQ:ASNA), with 0 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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