Hartford Investment Management Co. boosted its holdings in Chico’s FAS, Inc. (NYSE:CHS) by 90.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,050 shares of the specialty retailer’s stock after acquiring an additional 13,800 shares during the quarter. Hartford Investment Management Co.’s holdings in Chico’s FAS were worth $260,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in Chico’s FAS in the third quarter worth about $108,000. Flinton Capital Management LLC raised its position in Chico’s FAS by 85.7% in the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after acquiring an additional 6,356 shares in the last quarter. UBS Group AG raised its position in Chico’s FAS by 6.2% in the first quarter. UBS Group AG now owns 13,845 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 808 shares in the last quarter. Welch & Forbes LLC bought a new stake in Chico’s FAS in the second quarter worth about $133,000. Finally, ING Groep NV bought a new stake in Chico’s FAS in the second quarter worth about $148,000.
Several equities research analysts have commented on the stock. B. Riley reiterated a “buy” rating on shares of Chico’s FAS in a research report on Wednesday, November 1st. Jefferies Group set a $11.00 price objective on Chico’s FAS and gave the stock a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada restated a “buy” rating and set a $12.00 price objective on shares of Chico’s FAS in a report on Thursday, August 17th. KeyCorp restated a “hold” rating on shares of Chico’s FAS in a report on Friday, September 1st. Finally, ValuEngine downgraded Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Chico’s FAS presently has a consensus rating of “Hold” and an average price target of $10.91.
Chico’s FAS (NYSE:CHS) last issued its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $532.30 million for the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. sell-side analysts forecast that Chico’s FAS, Inc. will post 0.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be issued a $0.0825 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.67%. Chico’s FAS’s dividend payout ratio is 49.25%.
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Chico’s FAS Profile
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
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