1492 Capital Management LLC purchased a new position in Chico's FAS, Inc. (NYSE:CHS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 273,259 shares of the specialty retailer’s stock, valued at approximately $2,410,000. Chico's FAS makes up 1.9% of 1492 Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. 1492 Capital Management LLC owned approximately 0.21% of Chico's FAS at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CHS. Paloma Partners Management Co acquired a new stake in shares of Chico's FAS during the fourth quarter worth approximately $438,000. Two Sigma Investments LP acquired a new stake in shares of Chico's FAS during the fourth quarter worth approximately $5,140,000. Two Sigma Advisers LP increased its holdings in shares of Chico's FAS by 108.3% during the fourth quarter. Two Sigma Advisers LP now owns 490,076 shares of the specialty retailer’s stock worth $4,322,000 after buying an additional 254,840 shares in the last quarter. Ellington Management Group LLC acquired a new stake in shares of Chico's FAS during the fourth quarter worth approximately $1,546,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Chico's FAS during the fourth quarter worth approximately $730,000. 99.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Chico's FAS, Inc. (CHS) opened at $8.76 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1,120.00, a P/E ratio of 12.34, a P/E/G ratio of 0.98 and a beta of 0.73. Chico's FAS, Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $14.60.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Chico's FAS’s previous quarterly dividend of $0.08. Chico's FAS’s dividend payout ratio (DPR) is currently 46.48%.
Several research firms have recently weighed in on CHS. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Chico's FAS in a report on Tuesday, January 9th. Zacks Investment Research raised shares of Chico's FAS from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Friday, February 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $13.00 price objective on shares of Chico's FAS in a report on Friday, February 2nd. ValuEngine lowered shares of Chico's FAS from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $10.00 price objective on shares of Chico's FAS in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.92.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/03/13/1492-capital-management-llc-takes-position-in-chicos-fas-inc-chs.html.
Chico's FAS Profile
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.
Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.