Pacad Investment Ltd. lowered its position in Chico’s FAS, Inc. (NYSE:CHS) by 30.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,300 shares of the specialty retailer’s stock after selling 13,000 shares during the period. Pacad Investment Ltd.’s holdings in Chico’s FAS were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkwood LLC purchased a new stake in Chico’s FAS in the second quarter valued at approximately $102,000. PNC Financial Services Group Inc. boosted its position in Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 473 shares during the last quarter. Welch & Forbes LLC purchased a new stake in Chico’s FAS in the second quarter valued at approximately $133,000. Engineers Gate Manager LP purchased a new stake in Chico’s FAS in the first quarter valued at approximately $142,000. Finally, Accredited Investors Inc. purchased a new stake in Chico’s FAS in the first quarter valued at approximately $142,000.
A number of brokerages recently commented on CHS. ValuEngine lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating and issued a $10.00 target price (down previously from $13.00) on shares of Chico’s FAS in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Chico’s FAS in a research report on Friday, September 1st. Deutsche Bank AG reiterated a “hold” rating and issued a $8.00 target price (down previously from $11.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Finally, Telsey Advisory Group upped their target price on Chico’s FAS from $9.00 to $10.00 and gave the company a “market perform” rating in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Chico’s FAS presently has a consensus rating of “Hold” and an average price target of $12.54.
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Shares of Chico’s FAS, Inc. (NYSE:CHS) opened at 8.20 on Monday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 11.44 and a beta of 0.63. The firm has a 50-day moving average price of $8.40 and a 200 day moving average price of $11.05. Chico’s FAS, Inc. has a 52-week low of $6.96 and a 52-week high of $16.85.
Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $578.60 million during the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. Analysts expect that Chico’s FAS, Inc. will post $0.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be paid a $0.0825 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.02%. Chico’s FAS’s dividend payout ratio (DPR) is presently 45.83%.
Chico’s FAS Profile
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
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