Martingale Asset Management L P purchased a new position in shares of Chico's FAS, Inc. (NYSE:CHS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 17,211 shares of the specialty retailer’s stock, valued at approximately $152,000.
Other large investors have also modified their holdings of the company. Clark Estates Inc. NY acquired a new stake in shares of Chico's FAS during the 4th quarter worth approximately $3,660,000. Itau Unibanco Holding S.A. grew its position in shares of Chico's FAS by 42.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 24,641 shares of the specialty retailer’s stock worth $217,000 after buying an additional 7,333 shares during the period. Comerica Bank grew its position in shares of Chico's FAS by 35.4% during the 3rd quarter. Comerica Bank now owns 137,763 shares of the specialty retailer’s stock worth $1,087,000 after buying an additional 36,027 shares during the period. Ameriprise Financial Inc. grew its position in shares of Chico's FAS by 39.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 812,428 shares of the specialty retailer’s stock worth $7,272,000 after buying an additional 230,276 shares during the period. Finally, SG Capital Management LLC acquired a new stake in shares of Chico's FAS during the 4th quarter worth approximately $6,437,000. Institutional investors own 99.42% of the company’s stock.
CHS has been the subject of several analyst reports. SunTrust Banks set a $10.00 price target on shares of Chico's FAS and gave the stock a “buy” rating in a research report on Friday, November 17th. KeyCorp reiterated a “hold” rating on shares of Chico's FAS in a research report on Thursday, November 16th. B. Riley reiterated a “buy” rating and set a $14.00 price target on shares of Chico's FAS in a research report on Wednesday, November 22nd. ValuEngine cut shares of Chico's FAS from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Chico's FAS in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.92.
Chico's FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. The firm had revenue of $587.78 million during the quarter, compared to analysts’ expectations of $579.75 million. Chico's FAS had a net margin of 4.43% and a return on equity of 13.79%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. equities analysts forecast that Chico's FAS, Inc. will post 0.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, March 16th. This represents a $0.34 dividend on an annualized basis and a yield of 3.93%. This is a boost from Chico's FAS’s previous quarterly dividend of $0.08. Chico's FAS’s payout ratio is currently 41.77%.
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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.
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