Texas Permanent School Fund boosted its holdings in Chico’s FAS, Inc. (NYSE:CHS – Get Rating) by 4.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 90,450 shares of the specialty retailer’s stock after purchasing an additional 3,573 shares during the quarter. Texas Permanent School Fund’s holdings in Chico’s FAS were worth $450,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Chico’s FAS by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 8,175,608 shares of the specialty retailer’s stock valued at $39,243,000 after acquiring an additional 251,804 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Chico’s FAS by 16.3% during the 1st quarter. Neuberger Berman Group LLC now owns 4,180,927 shares of the specialty retailer’s stock worth $20,066,000 after buying an additional 584,658 shares in the last quarter. Global Alpha Capital Management Ltd. bought a new position in shares of Chico’s FAS during the 1st quarter worth approximately $19,009,000. Dimensional Fund Advisors LP lifted its position in shares of Chico’s FAS by 22.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,327,760 shares of the specialty retailer’s stock worth $15,973,000 after buying an additional 609,773 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP lifted its position in shares of Chico’s FAS by 17.9% during the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 848,530 shares of the specialty retailer’s stock worth $4,073,000 after buying an additional 128,575 shares in the last quarter. Institutional investors own 83.94% of the company’s stock.
Insider Buying and Selling
In related news, Director Bonnie R. Brooks sold 100,000 shares of Chico’s FAS stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $5.02, for a total value of $502,000.00. Following the sale, the director now owns 992,527 shares of the company’s stock, valued at approximately $4,982,485.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Chico’s FAS Trading Down 10.0 %
NYSE:CHS opened at $6.40 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.48 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $800.92 million, a PE ratio of 7.44 and a beta of 1.22. The firm’s 50 day moving average is $5.55 and its 200 day moving average is $5.47. Chico’s FAS, Inc. has a 12 month low of $3.80 and a 12 month high of $7.30.
Chico’s FAS (NYSE:CHS – Get Rating) last posted its quarterly earnings results on Wednesday, August 31st. The specialty retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $558.72 million for the quarter, compared to analysts’ expectations of $543.90 million. Chico’s FAS had a net margin of 5.16% and a return on equity of 44.81%. During the same quarter in the previous year, the firm posted $0.21 EPS. Sell-side analysts expect that Chico’s FAS, Inc. will post 0.85 earnings per share for the current 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. It operates under the Chico's, White House Black Market (WHBM)and Soma brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.
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