Swiss National Bank boosted its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 2.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 234,000 shares of the specialty retailer’s stock after purchasing an additional 4,900 shares during the quarter. Swiss National Bank’s holdings in Chico’s FAS were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank increased its holdings in shares of Chico’s FAS by 3.1% during the 1st quarter. Comerica Bank now owns 128,881 shares of the specialty retailer’s stock valued at $516,000 after purchasing an additional 3,889 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Chico’s FAS by 21.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,350 shares of the specialty retailer’s stock valued at $159,000 after purchasing an additional 6,593 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Chico’s FAS by 2.9% during the 2nd quarter. Aperio Group LLC now owns 140,613 shares of the specialty retailer’s stock valued at $474,000 after purchasing an additional 4,017 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Chico’s FAS during the 1st quarter valued at approximately $105,000. Finally, Kennedy Capital Management Inc. increased its holdings in shares of Chico’s FAS by 129.4% during the 1st quarter. Kennedy Capital Management Inc. now owns 931,003 shares of the specialty retailer’s stock valued at $3,975,000 after purchasing an additional 525,157 shares in the last quarter. 92.57% of the stock is owned by institutional investors.
NYSE CHS traded down $0.03 on Friday, hitting $4.10. The company had a trading volume of 63,885 shares, compared to its average volume of 3,248,866. Chico’s FAS, Inc. has a 12-month low of $2.33 and a 12-month high of $8.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.52. The company’s fifty day moving average price is $3.16 and its 200-day moving average price is $3.74. The company has a market capitalization of $471.49 million, a PE ratio of 13.32 and a beta of 0.26.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Chico’s FAS had a negative net margin of 0.51% and a positive return on equity of 0.58%. The company had revenue of $517.70 million for the quarter, compared to analysts’ expectations of $517.61 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that Chico’s FAS, Inc. will post -0.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.0875 per share. The ex-dividend date is Friday, September 13th. This represents a $0.35 annualized dividend and a yield of 8.54%. Chico’s FAS’s dividend payout ratio (DPR) is presently 112.90%.
CHS has been the subject of several recent analyst reports. Telsey Advisory Group cut their price target on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, August 29th. ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. TheStreet lowered shares of Chico’s FAS from a “c” rating to a “d+” rating in a report on Wednesday, August 28th. Zacks Investment Research lowered shares of Chico’s FAS from a “hold” rating to a “strong sell” rating in a report on Thursday, August 29th. Finally, B. Riley set a $6.00 price target on shares of Chico’s FAS and gave the stock a “buy” rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $4.67.
About Chico’s FAS
Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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