Northwestern Mutual Investment Management Company LLC raised its holdings in Chico’s FAS, Inc. (NYSE:CHS) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,894 shares of the specialty retailer’s stock after acquiring an additional 628 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Chico’s FAS were worth $245,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkwood LLC acquired a new position in Chico’s FAS in the 2nd quarter valued at approximately $102,000. PNC Financial Services Group Inc. increased its position in Chico’s FAS by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 473 shares during the period. Welch & Forbes LLC acquired a new position in Chico’s FAS in the 2nd quarter valued at approximately $133,000. Engineers Gate Manager LP acquired a new position in Chico’s FAS in the 1st quarter valued at approximately $142,000. Finally, ING Groep NV acquired a new position in Chico’s FAS in the 2nd quarter valued at approximately $148,000.
CHS has been the subject of several recent research reports. Citigroup Inc. decreased their price target on shares of Chico’s FAS from $18.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and issued a $12.00 price target on shares of Chico’s FAS in a research report on Thursday, August 17th. FBR & Co restated a “buy” rating and issued a $14.00 price target (down from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Finally, TheStreet cut shares of Chico’s FAS from a “b-” rating to a “c+” rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus price target of $12.54.
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Chico’s FAS, Inc. (NYSE:CHS) opened at 8.23 on Wednesday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.48 and a beta of 0.63. Chico’s FAS, Inc. has a 1-year low of $6.96 and a 1-year high of $16.85. The firm has a 50 day moving average of $8.25 and a 200-day moving average of $10.69.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. During the same quarter last year, the firm posted $0.25 EPS. The business’s quarterly revenue was down 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Chico’s FAS, Inc. will post $0.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be issued a dividend of $0.0825 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, September 8th. Chico’s FAS’s dividend payout ratio (DPR) is presently 45.83%.
About Chico’s FAS
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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