Chico's FAS, Inc. (NYSE:CHS) SVP John R. Lund purchased 2,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of $13.78 per share, for a total transaction of $27,560.00. Following the completion of the purchase, the senior vice president now directly owns 30,190 shares of the company’s stock, valued at approximately $416,018.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Chico's FAS, Inc. (NYSE:CHS) traded down 0.526% during midday trading on Monday, reaching $14.175. 173,845 shares of the company were exchanged. The stock has a 50-day moving average price of $13.91 and a 200 day moving average price of $13.56. Chico's FAS, Inc. has a 52-week low of $9.86 and a 52-week high of $16.85. The company has a market capitalization of $1.79 billion, a P/E ratio of 20.543 and a beta of 0.82.
Chico's FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $600.80 million for the quarter, compared to analysts’ expectations of $596.18 million. Chico's FAS had a net margin of 2.24% and a return on equity of 16.24%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. Equities research analysts expect that Chico's FAS, Inc. will post $0.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Monday, March 13th will be issued a dividend of $0.0825 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from Chico's FAS’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, March 9th. Chico's FAS’s dividend payout ratio (DPR) is presently 76.19%.
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Large investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its stake in shares of Chico's FAS by 5.5% in the third quarter. LS Investment Advisors LLC now owns 8,756 shares of the company’s stock worth $104,000 after buying an additional 455 shares during the last quarter. Flinton Capital Management LLC bought a new stake in shares of Chico's FAS during the fourth quarter worth approximately $118,000. Royal Bank of Canada raised its stake in shares of Chico's FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock worth $121,000 after buying an additional 10,842 shares during the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of Chico's FAS during the third quarter worth approximately $125,000. Finally, World Asset Management Inc bought a new stake in shares of Chico's FAS during the third quarter worth approximately $128,000. Institutional investors and hedge funds own 95.76% of the company’s stock.
A number of equities analysts have recently weighed in on CHS shares. TheStreet downgraded shares of Chico's FAS from a “b-” rating to a “c+” rating in a research note on Wednesday, January 11th. Zacks Investment Research raised shares of Chico's FAS from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Monday, January 9th. Mizuho upped their price target on shares of Chico's FAS from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. FBR & Co set a $17.00 price target on shares of Chico's FAS and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Finally, Jefferies Group LLC set a $13.00 price target on shares of Chico's FAS and gave the stock a “hold” rating in a research note on Wednesday, February 22nd. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.67.
About Chico's FAS
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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