Smith Graham & Co. Investment Advisors LP increased its stake in Chico’s FAS, Inc. (NYSE:CHS – Get Rating) shares 11.3% in the fourth quarter, according to the latest Securities and Exchange Commission filings . The fund owned his 885,743 shares of specialty retailer stock after purchasing a further 89,934 shares during the period. Smith Graham & Co. Investment Advisors LP said at the end of the most recent quarter he owned his 0.71% of his FAS in Chico worth $4,358,000.
Other big investors are also buying and selling shares in the company. Allspring Global Investments Holdings LLC increased its position in Chico’s FAS by 109.5% in the third quarter. He now owns 6,649 shares in the specialty retailer worth $32,000 after Allspring Global Investments Holdings LLC purchased an additional 3,475 of his shares last quarter. Metropolitan Life Insurance Co NY raised his stake in Chico’s FAS by 33.2% in the third quarter. Metropolitan Life Insurance Company NY owns 7,558 shares of the specialty retailer worth $37,000 after purchasing another 1,885 shares during the previous quarter. Point72 Hong Kong Ltd took a new position worth around $40,000 on Chico’s FAS in the third quarter. Sei Investments Co. increased its stake in Chico’s FAS by 20.6% in the first quarter. Sei Investments Co. owns 14,093 shares of the specialty retailer worth $45,000 after purchasing an additional 2,404 shares during the previous quarter. Finally, Mirabella Financial Services LLP won a new position worth approximately $48,000 in his FAS in Chico in the first quarter. 88.59% of the shares are owned by institutional investors.
Chico’s FAS Price Performance
Chico’s FAS shares opened at $5.42 on Friday. Chico’s FAS, Inc. has a 12-month low of $3.80 and a 12-month high of $7.30. The company has a current ratio of 1.14, a quick ratio of 0.53 and a debt to equity ratio of 0.15. The business has a 50-day simple moving average of $5.49 and a 200-day simple moving average of $5.45. The company has a market capitalization of $677.88 million, a price/earnings ratio of 6.16 and a beta of 1.20.
Chico’s FAS (NYSE:CHS – Get Rating) last reported results on Tuesday, Feb. 28. The specialty retailer reported that his earnings per share (EPS) for the quarter was $0.06. Chico’s FAS had a net profit margin of 5.09% and a return on equity of 36.01%. The business generated $524.05 million in revenue for the quarter, compared to analyst estimates of $512 million. Sell-side analysts forecast Chico’s FAS, Inc.’s EPS to be 0.83 for the current year.
Insider trading at Chico’s FAS
In another Chico’s FAS news, Director Bonnie R. Brooks sold 30,400 shares in the company in a transaction on Friday, March 10th. The shares sold for an average of $6.15 and the total transaction value was her $186,960.00. After the sale, the directors now own 774,240 shares of the company stock valued at approximately $4,761,576. The sale is disclosed in legal documents to the Securities and Exchange Commission, available at this hyperlink. In related news, director Bonnie R. Brooks sold his 69,600 shares in a deal on Thursday, March 16th. The shares sold at an average price of $6.28, giving him a total of $437,088.00. After the sale, the directors now own 704,640 shares of the company, valued at $4,425,139.20. The sale was disclosed in documents filed with the Securities and Exchange Commission, available at this link. Also, director Bonnie R. Brooks sold 30,400 of his shares in a transaction on Friday, March 10. The shares were sold at an average price of $6.15 for a total of $186,960.00. Following the closing of the sale, the directors now own 774,240 shares of the company, valued at approximately $4,761,576. Please see here for the disclosure of this sale. The insider owns his 3.60% of the company’s shares.
Wall Street Analyst Predicts Growth
CHS has been the topic of many research analyst reports. B. Riley restated Chico’s “buy” rating on her FAS shares in a research note on Thursday, April 13. StockNews.com began reporting on Chico’s FAS in an investigative note on Thursday, March 16. They gave the stock a “buy” rating.Finally, in a research note on Tuesday, April 11, Telsey Advisory Group restated its “market perform” rating, stating the target price for Chico’s FAS shares. announced his $6.00.
Chico’s FAS Profile
(get rating)
Chico’s FAS, Inc. is a retailer of women’s private label sophisticated casual to dressy apparel, underwear and complementary accessories. It operates through the Chico’s, Whitehouse Black Market and SOMA segments. Chico’s segment sells exclusively designed private her-brand apparel focused on women with moderate to high household income levels.
References
Want to know which other hedge funds hold CHS? Visit HoldingsChannel.com to get Chico’s FAS, Inc. (NYSE:CHS – Get Rating) latest 13F filings and insider trading.
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