Federated Hermes Inc. increased its stake in shares of Chico’s FAS, Inc. (NYSE:CHS – Free Report) by 127,804.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,777,878 shares of the specialty retailer’s stock after buying an additional 1,776,488 shares during the quarter. Federated Hermes Inc. owned about 1.42% of Chico’s FAS worth $9,778,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Chico’s FAS during the fourth quarter worth $59,000. Commonwealth Equity Services LLC boosted its holdings in shares of Chico’s FAS by 17.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,698 shares of the specialty retailer’s stock valued at $67,000 after acquiring an additional 2,056 shares in the last quarter. Crown Advisors Management Inc. increased its stake in shares of Chico’s FAS by 7.1% during the fourth quarter. Crown Advisors Management Inc. now owns 375,000 shares of the specialty retailer’s stock worth $1,845,000 after acquiring an additional 25,000 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in Chico’s FAS by 19.1% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 4,793,700 shares of the specialty retailer’s stock worth $23,585,000 after purchasing an additional 768,600 shares in the last quarter. Finally, Legend Financial Advisors Inc. lifted its position in Chico’s FAS by 2.7% in the first quarter. Legend Financial Advisors Inc. now owns 98,631 shares of the specialty retailer’s stock valued at $542,000 after purchasing an additional 2,638 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on CHS shares. StockNews.com began coverage on Chico’s FAS in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. TheStreet raised shares of Chico’s FAS from a “c+” rating to a “b” rating in a research note on Tuesday, June 6th.
Chico’s FAS Stock Performance
CHS opened at $5.79 on Friday. Chico’s FAS, Inc. has a 1-year low of $4.33 and a 1-year high of $7.30. The stock has a market cap of $714.83 million, a P/E ratio of 6.29 and a beta of 1.25. The stock’s 50 day simple moving average is $5.62 and its 200 day simple moving average is $5.43. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.11 and a quick ratio of 0.43.
Chico’s FAS (NYSE:CHS – Get Free Report) last posted its earnings results on Tuesday, June 6th. The specialty retailer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Chico’s FAS had a return on equity of 34.78% and a net margin of 5.34%. The company had revenue of $534.74 million for the quarter, compared to analyst estimates of $541.95 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, equities analysts anticipate that Chico’s FAS, Inc. will post 0.79 EPS for the current fiscal 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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