SG Americas Securities LLC cut its stake in shares of Chico’s FAS, Inc. (NYSE:CHS – Free Report) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,108 shares of the specialty retailer’s stock after selling 4,299 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Chico’s FAS worth $359,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CHS. American Century Companies Inc. lifted its stake in shares of Chico’s FAS by 26.6% in the 1st quarter. American Century Companies Inc. now owns 486,516 shares of the specialty retailer’s stock valued at $2,335,000 after purchasing an additional 102,099 shares during the period. Citigroup Inc. lifted its stake in shares of Chico’s FAS by 11.7% in the 1st quarter. Citigroup Inc. now owns 102,036 shares of the specialty retailer’s stock valued at $490,000 after purchasing an additional 10,670 shares during the period. Bank of Montreal Can lifted its stake in shares of Chico’s FAS by 8.7% in the 1st quarter. Bank of Montreal Can now owns 34,843 shares of the specialty retailer’s stock valued at $172,000 after purchasing an additional 2,784 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Chico’s FAS by 115.6% in the 1st quarter. MetLife Investment Management LLC now owns 57,147 shares of the specialty retailer’s stock valued at $274,000 after purchasing an additional 30,640 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Chico’s FAS by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,643 shares of the specialty retailer’s stock valued at $507,000 after purchasing an additional 13,083 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Telsey Advisory Group boosted their price objective on Chico’s FAS from $6.00 to $7.60 and gave the company a “market perform” rating in a research note on Friday. StockNews.com started coverage on Chico’s FAS in a research report on Thursday, August 17th. They issued a “buy” rating for the company. B. Riley lowered Chico’s FAS from a “buy” rating to a “neutral” rating in a research report on Friday. Finally, TheStreet raised Chico’s FAS from a “c+” rating to a “b” rating in a research report on Tuesday, June 6th.
Chico’s FAS Stock Performance
Shares of CHS opened at $7.49 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 1.21. The stock has a 50 day moving average price of $5.30 and a two-hundred day moving average price of $5.33. The firm has a market capitalization of $924.57 million, a P/E ratio of 7.00 and a beta of 1.28. Chico’s FAS, Inc. has a 52 week low of $4.33 and a 52 week high of $7.52.
Chico’s FAS (NYSE:CHS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 29th. The specialty retailer reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $545.13 million during the quarter, compared to analyst estimates of $554.90 million. Chico’s FAS had a return on equity of 29.62% and a net margin of 6.19%. During the same period in the previous year, the company posted $0.34 EPS. Equities analysts forecast that Chico’s FAS, Inc. will post 0.69 earnings per share for the current fiscal year.
Chico’s FAS Profile
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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