LSV Asset Management Invests $194,000 in Chico’s FAS, Inc. (CHS)

LSV Asset Management acquired a new position in Chico’s FAS, Inc. (NYSE:CHS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,700 shares of the specialty retailer’s stock, valued at approximately $194,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Group LTD raised its stake in shares of Chico’s FAS by 3.0% in the third quarter. BlackRock Group LTD now owns 174,147 shares of the specialty retailer’s stock worth $2,073,000 after buying an additional 5,072 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Chico’s FAS by 0.9% in the third quarter. California State Teachers Retirement System now owns 276,287 shares of the specialty retailer’s stock worth $3,288,000 after buying an additional 2,600 shares in the last quarter. Dynamic Capital Management Ltd raised its stake in Chico’s FAS by 19.8% in the third quarter. Dynamic Capital Management Ltd now owns 210,327 shares of the specialty retailer’s stock valued at $2,503,000 after buying an additional 34,715 shares during the period. SECOR Capital Advisors LP bought a new stake in Chico’s FAS during the third quarter valued at approximately $3,558,000. Finally, Gotham Asset Management LLC raised its stake in Chico’s FAS by 3,975.6% in the third quarter. Gotham Asset Management LLC now owns 543,364 shares of the specialty retailer’s stock valued at $6,466,000 after buying an additional 530,032 shares during the period. Institutional investors own 95.55% of the company’s stock.

Institutional Ownership by Quarter for Chico`s FAS (NYSE:CHS)

Shares of Chico’s FAS, Inc. (CHS) traded down 1.19% on Monday, hitting $9.14. 2,609,715 shares of the company traded hands. The company has a market capitalization of $1.15 billion, a PE ratio of 12.75 and a beta of 0.67. Chico’s FAS, Inc. has a 12 month low of $8.91 and a 12 month high of $16.85. The stock’s 50-day moving average price is $11.22 and its 200-day moving average price is $13.45.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.03. The company had revenue of $583.70 million during the quarter, compared to analyst estimates of $624.75 million. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. On average, equities analysts predict that Chico’s FAS, Inc. will post $0.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Monday, June 12th will be issued a $0.0825 dividend. This represents a $0.33 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, June 8th. Chico’s FAS’s payout ratio is currently 46.48%.

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Several research analysts recently weighed in on the stock. Telsey Advisory Group dropped their target price on shares of Chico’s FAS from $15.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, May 25th. Wolfe Research downgraded shares of Chico’s FAS from an “outperform” rating to a “market perform” rating in a report on Thursday, May 25th. Royal Bank Of Canada set a $16.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a report on Tuesday, May 16th. TheStreet downgraded shares of Chico’s FAS from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. Finally, Bank of America Corporation reduced their price objective on shares of Chico’s FAS from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Chico’s FAS currently has an average rating of “Hold” and an average target price of $13.79.

In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $9.75, for a total value of $97,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Colaco Donna Noce sold 51,235 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $14.30, for a total transaction of $732,660.50. Following the completion of the sale, the insider now owns 153,260 shares in the company, valued at $2,191,618. The disclosure for this sale can be found here. Insiders sold 66,235 shares of company stock valued at $877,661 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Chico’s FAS Company 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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