|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
President & CEO of Ascena Retail David R Jaffe sold 433,600 shares
Posted by: GuruFocus (IP Logged)
Date: June 23, 2012 01:38PM
Ascena Retail Group, Inc, formerly known as The Dress Barn, Inc. Ascena Retail has a market cap of $3 billion; its shares were traded at around $19.01 with a P/E ratio of 14.9 and P/S ratio of 1. Ascena Retail had an annual average earnings growth of 17.8% over the past 10 years.
President & CEO of Ascena Retail (ASNA) David R Jaffe sold 433,600 shares on June 21, 2012 at an average price of $19.56. The total transaction amount is $8,481,216.
Mr Jaffe joined Ascena as Vice President Business Development from 1992 to 1995. He then worked as Senior Vice President from 1995 to 1996, Executive Vice President from 1996 to 2001, and Chief Operating Officer from September 2001 to 2002. Since February 2002, Mr. David R Jaffe served as Chief Executive Officer and President of Ascena Retail Group Inc.
On January 20, 2012, Executive Vice President & CFO Armand Correia sold 60,000 shares of ASNA stock at the average price of 17.71. SVP, General Counsel Gene Wexler sold 6,206 shares of ASNA stock at the average price of 17.64.on January 19, 2012.
2 GuruFocus Gurus, Joel Greenblatt and Ken Fisher, left their positions in ASNA unchanged or slightly adjusted. David Dreman and Robert Olstein have reduced their positions in the Company. David Dreman owns 628,613 shares as of March 31, a decrease of 31.49% of from the previous quarter. As of March 31, 2012, Robert Olstein owns 115,000 shares, a decrease of 40.72% of from the previous quarter.
On May 31, 2012-- Ascena Retail Group, Inc. reported financial results for its fiscal third quarter. The Company reported net income of $49.4 million and revenues of $783.3 million, an eight percent increase from the last year’s third quarter.
Guru Discussed: David Dreman: Current Portfolio, Stock Picks
Robert Olstein: Current Portfolio, Stock Picks
Stocks Discussed: ASNA,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.