Raymond James Financial Services Advisors Inc. cut its position in shares of Chico’s FAS, Inc. (NYSE:CHS) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,570 shares of the specialty retailer’s stock after selling 412 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Chico’s FAS were worth $193,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in Chico’s FAS during the fourth quarter worth about $5,329,000. Dimensional Fund Advisors LP raised its position in Chico’s FAS by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,986,151 shares of the specialty retailer’s stock worth $86,141,000 after buying an additional 471,592 shares during the last quarter. Flinton Capital Management LLC purchased a new position in Chico’s FAS during the fourth quarter worth about $118,000. A.R.T. Advisors LLC raised its position in Chico’s FAS by 119.0% in the fourth quarter. A.R.T. Advisors LLC now owns 115,400 shares of the specialty retailer’s stock worth $1,660,000 after buying an additional 62,700 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Chico’s FAS by 21.8% in the fourth quarter. Guggenheim Capital LLC now owns 47,514 shares of the specialty retailer’s stock worth $684,000 after buying an additional 8,520 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.
Chico’s FAS, Inc. (NYSE:CHS) opened at 8.86 on Monday. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.36 and a beta of 0.67. The company’s 50-day moving average is $10.94 and its 200 day moving average is $13.33. Chico’s FAS, Inc. has a one year low of $8.67 and a one year high of $16.85.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The firm had revenue of $583.70 million for the quarter, compared to the consensus estimate of $624.75 million. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Analysts predict that Chico’s FAS, Inc. will post $0.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be issued a $0.0825 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a yield of 3.72%. Chico’s FAS’s dividend payout ratio (DPR) is presently 46.48%.
A number of analysts have weighed in on CHS shares. TheStreet raised shares of Chico’s FAS to a “buy” rating in a report on Tuesday, March 21st. Jefferies Group LLC set a $14.00 price target on shares of Chico’s FAS and gave the company a “hold” rating in a report on Tuesday, March 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $16.00 price target on shares of Chico’s FAS in a report on Monday, April 3rd. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Finally, Telsey Advisory Group reduced their price target 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, May 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Chico’s FAS presently has a consensus rating of “Hold” and a consensus price target of $13.69.
In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $9.75, for a total transaction of $97,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ross E. Roeder sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total transaction of $47,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,235 shares of company stock valued at $877,661. 1.80% of the stock is owned by company insiders.
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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