Oregon Public Employees Retirement Fund acquired a new stake in Chico’s FAS, Inc. (NYSE:CHS) in the 4th quarter, HoldingsChannel reports. The fund acquired 47,817 shares of the specialty retailer’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Chico’s FAS in the 3rd quarter valued at approximately $280,000. Russell Investments Group Ltd. boosted its holdings in shares of Chico’s FAS by 62.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 223,758 shares of the specialty retailer’s stock valued at $1,940,000 after buying an additional 86,365 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Chico’s FAS in the 4th quarter valued at approximately $82,000. Bridgeway Capital Management Inc. boosted its holdings in shares of Chico’s FAS by 66.6% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 393,200 shares of the specialty retailer’s stock valued at $3,409,000 after buying an additional 157,200 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Chico’s FAS by 516.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 546,037 shares of the specialty retailer’s stock valued at $4,734,000 after buying an additional 457,431 shares during the last quarter. 97.27% of the stock is owned by institutional investors.

Shares of Chico’s FAS stock opened at $4.84 on Friday. Chico’s FAS, Inc. has a 1 year low of $4.42 and a 1 year high of $10.90. The firm has a market cap of $634.96 million, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.76 and a quick ratio of 0.91.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. Chico’s FAS had a return on equity of 6.89% and a net margin of 1.67%. The company had revenue of $524.70 million during the quarter, compared to the consensus estimate of $514.28 million. During the same quarter last year, the firm earned $0.11 earnings per share. The company’s revenue was down 10.7% on a year-over-year basis. On average, sell-side analysts forecast that Chico’s FAS, Inc. will post 0.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be issued a dividend of $0.0875 per share. The ex-dividend date is Friday, March 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 7.23%. This is an increase from Chico’s FAS’s previous quarterly dividend of $0.09. Chico’s FAS’s dividend payout ratio (DPR) is currently 109.68%.

Several equities research analysts have recently commented on CHS shares. Bank of America cut their price target on Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating for the company in a report on Thursday, November 29th. Zacks Investment Research raised Chico’s FAS from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Morgan Stanley cut their price target on Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating for the company in a report on Friday, November 30th. Nomura set a $6.00 price target on Chico’s FAS and gave the company a “hold” rating in a report on Tuesday, December 11th. Finally, Citigroup cut their price target on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, November 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $6.15.

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Chico’s FAS Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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

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