Marshall Wace North America L.P. Invests $3.05 Million in Chico’s FAS, Inc. (CHS)
Marshall Wace North America L.P. bought a new position in Chico’s FAS, Inc. (NYSE:CHS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 338,911 shares of the specialty retailer’s stock, valued at approximately $3,050,000. Marshall Wace North America L.P. owned approximately 0.27% of Chico’s FAS at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after buying an additional 473 shares during the last quarter. 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 worth $123,000 after buying an additional 4,080 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Chico’s FAS during the first quarter worth approximately $142,000. Accredited Investors Inc. acquired a new stake in Chico’s FAS during the first quarter worth approximately $142,000. Finally, Ronald Blue & Co. LLC acquired a new stake in Chico’s FAS during the first quarter worth approximately $147,000.
Chico’s FAS, Inc. (NYSE CHS) opened at 8.09 on Friday. The company’s 50-day moving average is $8.47 and its 200-day moving average is $11.22. Chico’s FAS, Inc. has a 12 month low of $7.52 and a 12 month high of $16.85. The stock has a market capitalization of $1.02 billion, a P/E ratio of 11.28 and a beta of 0.64.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $578.60 million during the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities analysts anticipate that Chico’s FAS, Inc. will post $0.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.0825 per share. The ex-dividend date is Friday, September 8th. This represents a $0.33 annualized dividend and a yield of 4.08%. Chico’s FAS’s dividend payout ratio (DPR) is currently 45.83%.
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A number of analysts recently commented on the stock. UBS AG reiterated a “neutral” rating and issued a $10.00 target price (down from $16.00) on shares of Chico’s FAS in a report on Thursday, May 25th. ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday. Citigroup Inc. reiterated a “buy” rating and issued a $10.00 target price (down from $13.00) on shares of Chico’s FAS in a report on Friday. KeyCorp reiterated a “hold” rating on shares of Chico’s FAS in a report on Friday. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $12.00 target price on shares of Chico’s FAS in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.54.
In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.
About Chico’s FAS
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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