Dynamic Technology Lab Private Ltd Purchases New Position in Chico’s FAS, Inc. (CHS)

Dynamic Technology Lab Private Ltd purchased a new stake in Chico’s FAS, Inc. (NYSE:CHS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,042 shares of the specialty retailer’s stock, valued at approximately $108,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CHS. Bank of New York Mellon Corp raised its position in Chico’s FAS by 8.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,547,401 shares of the specialty retailer’s stock worth $33,415,000 after purchasing an additional 270,838 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Chico’s FAS by 48.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 457,384 shares of the specialty retailer’s stock worth $4,309,000 after purchasing an additional 149,200 shares during the last quarter. Quinn Opportunity Partners LLC bought a new position in Chico’s FAS during the 2nd quarter worth $1,325,000. State Street Corp raised its position in Chico’s FAS by 5.3% during the 2nd quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock worth $48,417,000 after purchasing an additional 256,414 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Chico’s FAS by 32.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,062,265 shares of the specialty retailer’s stock worth $19,427,000 after purchasing an additional 506,483 shares during the last quarter.

Shares of Chico’s FAS, Inc. (CHS) opened at $9.08 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 0.88. The company has a market capitalization of $1,160.47, a PE ratio of 13.55, a PEG ratio of 0.94 and a beta of 0.73. Chico’s FAS, Inc. has a 12 month low of $6.96 and a 12 month high of $16.85.

Chico’s FAS (NYSE:CHS) last issued its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $532.30 million during the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. analysts anticipate that Chico’s FAS, Inc. will post 0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be paid a $0.0825 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.33 annualized dividend and a dividend yield of 3.63%. Chico’s FAS’s dividend payout ratio is presently 49.25%.

Several research analysts recently issued reports on the company. FBR & Co reaffirmed a “buy” rating and set a $14.00 target price on shares of Chico’s FAS in a research report on Monday, October 2nd. Jefferies Group reissued a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. Bank of America lowered Chico’s FAS from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $8.50 to $7.00 in a research report on Wednesday, October 11th. B. Riley reissued a “buy” rating and issued a $14.00 price objective on shares of Chico’s FAS in a research report on Wednesday, November 22nd. Finally, BidaskClub lowered Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.91.

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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.

Institutional Ownership by Quarter for Chico`s FAS (NYSE:CHS)

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