The Institutional ownership of Ascena Retail Group, Inc. is 65.79%
Institutional Ownership is the amount of a company’s available stock owned by mutual or pension funds, insurance companies, investment firms, endowments or other large entities that manage funds on the behalf of others.
Given the considerable sums of money that institutions invest, it is not surprising that they tend to be much more knowledgeable than the average investor when it comes to the companies and industries in which they have invested.
Institutional portfolio managers often meet personally with a company's top executives, and in many cases the research they conduct is further supported by equity analysts who evaluate prospective companies and industries in great depth before making specific investment recommendations.
Ascena Retail Group, Inc. engages in the retail of apparel for women, and tween girls. It operates through the following segments: Premium Fashion, Value Fashion, Plus Fashion, and Kids Fashion. The Premium Fashion segment consists of products under Ann Taylor and LOFT brands. The Value Fashion segment includes the Dressbarn brands. The Plus Fashion segment covers the products under Lane Bryant and Catherines brands. The Kids Fashion segment comprises of products under Justice brand. The company was founded by Elliot S. Jaffe and Roslyn S. Jaffe in 1962 and is headquartered in Mahwah, NJ.