BNP Paribas Arbitrage SA raised its position in shares of Chico’s FAS, Inc. (NYSE:CHS) by 86.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,902 shares of the specialty retailer’s stock after purchasing an additional 25,934 shares during the period. BNP Paribas Arbitrage SA’s holdings in Chico’s FAS were worth $239,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Chico’s FAS during the fourth quarter valued at about $82,000. BlackRock Inc. raised its holdings in shares of Chico’s FAS by 3.4% in the 4th quarter. BlackRock Inc. now owns 18,563,076 shares of the specialty retailer’s stock worth $104,326,000 after acquiring an additional 602,025 shares during the last quarter. Eads & Heald Wealth Management acquired a new stake in shares of Chico’s FAS in the 4th quarter worth about $62,000. Contrarius Investment Management Ltd raised its holdings in shares of Chico’s FAS by 98.9% in the 4th quarter. Contrarius Investment Management Ltd now owns 1,752,334 shares of the specialty retailer’s stock worth $9,848,000 after acquiring an additional 871,306 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Chico’s FAS in the 4th quarter worth about $16,193,000. Institutional investors and hedge funds own 93.77% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a report on Wednesday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price objective (down from $5.00) on shares of Chico’s FAS in a research report on Wednesday. B. Riley set a $6.00 price objective on shares of Chico’s FAS and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.06.
NYSE CHS traded down $0.03 on Friday, hitting $3.37. The stock had a trading volume of 2,880,998 shares, compared to its average volume of 3,079,073. Chico’s FAS, Inc. has a 52-week low of $3.24 and a 52-week high of $10.44. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.09 and a quick ratio of 0.91. The stock has a market capitalization of $411.63 million, a PE ratio of 10.87, a P/E/G ratio of 14.13 and a beta of 0.28.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $517.70 million for the quarter, compared to analysts’ expectations of $517.61 million. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. On average, research analysts anticipate that Chico’s FAS, Inc. will post 0.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 10.39%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio (DPR) is currently 112.90%.
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About Chico’s FAS
Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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