MetLife Investment Management LLC Buys 11,660 Shares of Chico’s FAS, Inc. (NYSE:CHS)

Posted by Defense World Staff on Mar 4th, 2023

MetLife Investment Management LLC raised its stake in Chico’s FAS, Inc. (NYSE:CHS – Get Rating) by 21.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,451 shares of the specialty retailer’s stock after acquiring an additional 11,660 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Chico’s FAS worth $317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CHS. Teacher Retirement System of Texas raised its holdings in Chico’s FAS by 934.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 198,769 shares of the specialty retailer’s stock valued at $962,000 after buying an additional 179,561 shares during the last quarter. Northside Capital Management LLC raised its holdings in Chico’s FAS by 189.7% in the 3rd quarter. Northside Capital Management LLC now owns 181,924 shares of the specialty retailer’s stock valued at $881,000 after buying an additional 119,124 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Chico’s FAS by 25.2% in the 3rd quarter. Pacer Advisors Inc. now owns 2,693,220 shares of the specialty retailer’s stock valued at $13,035,000 after buying an additional 541,437 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Chico’s FAS by 5.6% in the 3rd quarter. New York State Teachers Retirement System now owns 250,494 shares of the specialty retailer’s stock valued at $1,212,000 after buying an additional 13,182 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in Chico’s FAS by 11.2% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 4,025,100 shares of the specialty retailer’s stock valued at $19,481,000 after buying an additional 404,900 shares during the last quarter. Institutional investors own 88.59% of the company’s stock.

Chico’s FAS Stock Performance

Shares of CHS stock opened at $6.34 on Friday. The firm has a 50 day moving average of $5.09 and a 200-day moving average of $5.47. Chico’s FAS, Inc. has a 52 week low of $3.80 and a 52 week high of $7.30. The company has a quick ratio of 0.48, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The company has a market cap of $793.41 million, a price-to-earnings ratio of 7.20 and a beta of 1.23.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CHS shares. StockNews.com raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Monday, February 6th. TheStreet downgraded shares of Chico’s FAS from a “b-” rating to a “c” rating in a research report on Tuesday, November 22nd. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $6.00 target price on shares of Chico’s FAS in a research report on Tuesday.

Chico’s FAS Company Profile

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Chico’s FAS, Inc engages in the retail of women’s private branded, sophisticated, casual-to-dressy apparel, intimates, and complementary accessories. The firm’s product portfolio consists of the following brands: Chico’s, Soma, and White House Black Market. It also operates boutiques, retail stores, and websites to sell the products.