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President & CEO of Ascena Retail David R Jaffe sold 433,600 shares
Posted by: GuruFocus (IP Logged)
Date: June 23, 2012 08:38AM

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,
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