Jump Financial LLC purchased a new position in Chico’s FAS, Inc. (NYSE:CHS – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,602 shares of the specialty retailer’s stock, valued at approximately $432,000. Jump Financial LLC owned approximately 0.06% of Chico’s FAS as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Chico’s FAS by 16.1% in the 1st quarter. Pacer Advisors Inc. now owns 3,464,751 shares of the specialty retailer’s stock worth $19,056,000 after purchasing an additional 481,514 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Chico’s FAS by 14.2% in the first quarter. Victory Capital Management Inc. now owns 250,373 shares of the specialty retailer’s stock valued at $1,377,000 after buying an additional 31,117 shares in the last quarter. Acuitas Investments LLC acquired a new position in shares of Chico’s FAS during the first quarter valued at about $3,043,000. Texas Permanent School Fund Corp increased its position in shares of Chico’s FAS by 33.4% during the first quarter. Texas Permanent School Fund Corp now owns 112,162 shares of the specialty retailer’s stock worth $617,000 after acquiring an additional 28,063 shares in the last quarter. Finally, Legend Financial Advisors Inc. raised its holdings in shares of Chico’s FAS by 2.7% in the 1st quarter. Legend Financial Advisors Inc. now owns 98,631 shares of the specialty retailer’s stock worth $542,000 after acquiring an additional 2,638 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CHS. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of Chico’s FAS in a report on Tuesday, April 11th. B. Riley reissued a “buy” rating on shares of Chico’s FAS in a research report on Thursday, April 13th. TheStreet raised shares of Chico’s FAS from a “c+” rating to a “b” rating in a report on Tuesday, June 6th. Finally, StockNews.com assumed coverage on shares of Chico’s FAS in a report on Thursday, May 18th. They issued a “buy” rating for the company.
Chico’s FAS Stock Performance
CHS stock opened at $6.03 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 1.10. The firm has a market cap of $743.85 million, a PE ratio of 6.55 and a beta of 1.25. The business has a 50 day moving average of $5.54 and a 200-day moving average of $5.41. Chico’s FAS, Inc. has a 12-month low of $4.33 and a 12-month high of $7.30.
Chico’s FAS (NYSE:CHS – Get Free Report) last announced its quarterly earnings data on Tuesday, June 6th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $534.74 million during the quarter, compared to the consensus estimate of $541.95 million. Chico’s FAS had a return on equity of 34.78% and a net margin of 5.34%. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, sell-side analysts expect that Chico’s FAS, Inc. will post 0.79 earnings per share for the current year.
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 in the United States, Puerto Rico, Virgin Islands; and franchise locations in Mexico and domestic airports. The company operates under the Chico's, White House Black Market (WHBM), and Soma brands.
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