GSA Capital Partners LLP trimmed its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,100 shares of the specialty retailer’s stock after selling 39,959 shares during the quarter. GSA Capital Partners LLP’s holdings in Chico’s FAS were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC grew its stake in Chico’s FAS by 193.7% during the 3rd quarter. Renaissance Technologies LLC now owns 4,924,864 shares of the specialty retailer’s stock valued at $42,699,000 after purchasing an additional 3,247,764 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Chico’s FAS by 85.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,210,303 shares of the specialty retailer’s stock valued at $27,831,000 after purchasing an additional 1,477,841 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Chico’s FAS by 106.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,708,484 shares of the specialty retailer’s stock valued at $15,220,000 after purchasing an additional 1,394,900 shares during the last quarter. Contrarius Investment Management Ltd grew its stake in Chico’s FAS by 98.9% during the 4th quarter. Contrarius Investment Management Ltd now owns 1,752,334 shares of the specialty retailer’s stock valued at $9,848,000 after purchasing an additional 871,306 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Chico’s FAS by 124.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,459,432 shares of the specialty retailer’s stock valued at $12,653,000 after purchasing an additional 810,360 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.
CHS has been the topic of several research analyst reports. Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. ValuEngine downgraded Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. MKM Partners dropped their price target on Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating on the stock in a research note on Thursday, November 29th. Bank of America decreased their price objective on Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating for the company in a report on Thursday, November 29th. Finally, Nomura set a $6.00 price objective on Chico’s FAS and gave the company a “hold” rating in a report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.15.
Shares of CHS stock opened at $4.47 on Friday. The stock has a market capitalization of $527.73 million, a PE ratio of 14.42, a P/E/G ratio of 5.42 and a beta of 0.40. The company has a quick ratio of 0.91, a current ratio of 1.76 and a debt-to-equity ratio of 0.10. Chico’s FAS, Inc. has a 52-week low of $4.41 and a 52-week high of $10.90.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, March 6th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The business 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%. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, equities research analysts expect that Chico’s FAS, Inc. will post 0.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be issued a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Friday, March 15th. This is a boost from Chico’s FAS’s previous quarterly dividend of $0.09. 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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