Alpine Woods Capital Investors LLC purchased a new stake in shares of Chico’s FAS, Inc. (NYSE:CHS) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,800 shares of the specialty retailer’s stock, valued at approximately $59,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in shares of Chico’s FAS in the fourth quarter worth about $28,000. Eads & Heald Wealth Management purchased a new stake in shares of Chico’s FAS in the fourth quarter worth about $62,000. World Asset Management Inc purchased a new stake in shares of Chico’s FAS in the first quarter worth about $62,000. Virtu Financial LLC purchased a new stake in shares of Chico’s FAS in the fourth quarter worth about $82,000. Finally, Zacks Investment Management purchased a new stake in shares of Chico’s FAS in the fourth quarter worth about $83,000. Hedge funds and other institutional investors own 99.55% of the company’s stock.
A number of brokerages have recently commented on CHS. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research note on Monday, February 4th. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Chico’s FAS has a consensus rating of “Hold” and an average target price of $6.15.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $524.70 million during the quarter, compared to analysts’ expectations of $514.28 million. Chico’s FAS had a return on equity of 6.89% and a net margin of 1.67%. Chico’s FAS’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. As a group, equities research analysts expect that Chico’s FAS, Inc. will post 0.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.0875 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.35 dividend on an annualized basis and a yield of 8.73%. Chico’s FAS’s payout ratio is 112.90%.
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About Chico’s FAS
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.
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