Chico’s FAS, Inc. (CHS) Stake Boosted by Commonwealth Bank of Australia
Commonwealth Bank of Australia lifted its stake in Chico’s FAS, Inc. (NYSE:CHS) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,400 shares of the specialty retailer’s stock after purchasing an additional 7,200 shares during the quarter. Commonwealth Bank of Australia owned 0.09% of Chico’s FAS worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new position in shares of Chico’s FAS in the 4th quarter worth about $28,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Chico’s FAS in the 4th quarter worth about $48,000. Eads & Heald Wealth Management purchased a new position in shares of Chico’s FAS in the 4th quarter worth about $62,000. Virtu Financial LLC purchased a new position in shares of Chico’s FAS in the 4th quarter worth about $82,000. Finally, CWM Advisors LLC raised its position in shares of Chico’s FAS by 31.5% in the 4th quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 3,987 shares during the last quarter. 97.27% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on CHS. Zacks Investment Research lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. B. Riley set a $7.00 price target on Chico’s FAS and gave the stock a “buy” rating in a research report on Wednesday, December 5th. MKM Partners lowered their price target on Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating for the company in a research report on Thursday, November 29th. ValuEngine lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Royal Bank of Canada lowered Chico’s FAS from an “outperform” rating to a “sector perform” rating and set a $4.50 target price for the company. in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Chico’s FAS has an average rating of “Hold” and an average target price of $6.15.
Chico’s FAS (NYSE:CHS) last issued 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. The business had revenue of $524.70 million during the quarter, compared to analyst estimates of $514.28 million. Chico’s FAS had a return on equity of 6.89% and a net margin of 1.67%. Chico’s FAS’s revenue was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Sell-side analysts forecast that Chico’s FAS, Inc. will post 0.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be paid a dividend of $0.0875 per share. This is an increase from Chico’s FAS’s previous quarterly dividend of $0.09. This represents a $0.35 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, March 15th. Chico’s FAS’s payout ratio is currently 109.68%.
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Chico’s FAS Company 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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