Martingale Asset Management L P increased its stake in shares of Chico’s FAS, Inc. (NYSE:CHS) by 227.4% in the 2nd quarter, Holdings Channel reports. The firm owned 82,560 shares of the specialty retailer’s stock after purchasing an additional 57,340 shares during the period. Martingale Asset Management L P’s holdings in Chico’s FAS were worth $673,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHS. Ceredex Value Advisors LLC acquired a new position in shares of Chico’s FAS during the 1st quarter worth about $20,774,000. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Chico’s FAS during the 2nd quarter worth about $16,082,000. Systematic Financial Management LP raised its position in shares of Chico’s FAS by 1,482.4% during the 1st quarter. Systematic Financial Management LP now owns 2,106,697 shares of the specialty retailer’s stock worth $19,045,000 after purchasing an additional 1,973,565 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Chico’s FAS by 12.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,663,588 shares of the specialty retailer’s stock valued at $87,359,000 after acquiring an additional 1,107,087 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Chico’s FAS by 96.3% in the 1st quarter. Prudential Financial Inc. now owns 2,214,403 shares of the specialty retailer’s stock valued at $20,019,000 after acquiring an additional 1,086,060 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.
A number of brokerages have recently issued reports on CHS. TheStreet upgraded shares of Chico’s FAS from a “c+” rating to a “b-” rating in a report on Monday, May 21st. B. Riley lowered their price objective on shares of Chico’s FAS from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 31st. SunTrust Banks decreased their price target on shares of Chico’s FAS from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, May 31st. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Finally, Morgan Stanley decreased their price target on shares of Chico’s FAS from $12.00 to $7.50 and set an “equal weight” rating for the company in a research report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.05.
Chico’s FAS stock opened at $8.98 on Wednesday. The firm has a market cap of $1.15 billion, a PE ratio of 15.20, a PEG ratio of 1.49 and a beta of 0.72. Chico’s FAS, Inc. has a 12-month low of $7.07 and a 12-month high of $10.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.15.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, August 29th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $544.72 million during the quarter, compared to analysts’ expectations of $541.02 million. Chico’s FAS had a net margin of 4.06% and a return on equity of 11.79%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. sell-side analysts forecast that Chico’s FAS, Inc. will post 0.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, September 14th. This represents a $0.34 annualized dividend and a dividend yield of 3.79%. Chico’s FAS’s dividend payout ratio (DPR) is currently 50.00%.
Chico’s FAS Profile
Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
Further Reading: Relative Strength Index
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