Hancock Holding Co. held its stake in Chico's FAS, Inc. (NYSE:CHS) during the first quarter, Holdings Channel reports. The fund owned 64,800 shares of the specialty retailer’s stock at the end of the first quarter. Hancock Holding Co.’s holdings in Chico's FAS were worth $920,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Flinton Capital Management LLC purchased a new stake in Chico's FAS during the fourth quarter valued at $118,000. TrimTabs Asset Management LLC increased its stake in Chico's FAS by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 4,080 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Chico's FAS during the first quarter valued at $142,000. LSV Asset Management purchased a new stake in Chico's FAS during the first quarter valued at $194,000. Finally, Two Sigma Securities LLC purchased a new stake in Chico's FAS during the third quarter valued at $182,000. Hedge funds and other institutional investors own 95.76% of the company’s stock.
Shares of Chico's FAS, Inc. (NYSE:CHS) traded down 0.20% during midday trading on Thursday, hitting $9.82. The stock had a trading volume of 7,557,794 shares. The firm has a 50 day moving average price of $13.15 and a 200 day moving average price of $14.00. The stock has a market cap of $1.24 billion, a PE ratio of 14.23 and a beta of 0.82. Chico's FAS, Inc. has a one year low of $8.91 and a one year high of $16.85.
Chico's FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $583.70 million during the quarter, compared to analyst estimates of $624.75 million. Chico's FAS had a return on equity of 16.24% and a net margin of 2.24%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, equities analysts forecast that Chico's FAS, Inc. will post $0.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Monday, June 12th will be issued a $0.0825 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, June 8th. Chico's FAS’s payout ratio is 76.19%.
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Several research firms recently weighed in on CHS. Jefferies Group LLC set a $11.00 price objective on Chico's FAS and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada decreased their price objective on Chico's FAS from $16.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday. Wolfe Research downgraded shares of Chico's FAS from an “outperform” rating to a “market perform” rating in a report on Thursday. Telsey Advisory Group reduced their target price on shares of Chico's FAS from $15.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Zacks Investment Research downgraded shares of Chico's FAS from a “buy” rating to a “hold” rating in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Chico's FAS presently has an average rating of “Hold” and a consensus price target of $14.21.
In other Chico's FAS news, insider Colaco Donna Noce sold 51,235 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $14.30, for a total value of $732,660.50. Following the completion of the sale, the insider now directly owns 153,260 shares in the company, valued at $2,191,618. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ross E. Roeder sold 19,926 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $14.32, for a total transaction of $285,340.32. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
Chico's FAS Company 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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