Prudential Financial Inc. cut its holdings in Chico’s FAS, Inc. (NYSE:CHS) by 34.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,342,583 shares of the specialty retailer’s stock after selling 690,210 shares during the quarter. Prudential Financial Inc. owned 1.07% of Chico’s FAS worth $11,641,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CHS. Jennison Associates LLC boosted its stake in shares of Chico’s FAS by 54.6% in the second quarter. Jennison Associates LLC now owns 159,940 shares of the specialty retailer’s stock worth $1,302,000 after acquiring an additional 56,501 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Chico’s FAS by 9.0% in the 2nd quarter. Northern Trust Corp now owns 1,808,109 shares of the specialty retailer’s stock valued at $14,719,000 after purchasing an additional 149,136 shares during the last quarter. WBI Investments Inc. lifted its stake in shares of Chico’s FAS by 133.3% in the 3rd quarter. WBI Investments Inc. now owns 128,976 shares of the specialty retailer’s stock valued at $1,118,000 after purchasing an additional 73,684 shares during the last quarter. James Investment Research Inc. raised its holdings in shares of Chico’s FAS by 22.3% in the 3rd quarter. James Investment Research Inc. now owns 248,595 shares of the specialty retailer’s stock valued at $2,155,000 after buying an additional 45,370 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Chico’s FAS in the 2nd quarter valued at $943,000.
Shares of CHS stock opened at $5.40 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.01 and a quick ratio of 1.05. The company has a market capitalization of $678.97 million, a price-to-earnings ratio of 7.94, a P/E/G ratio of 1.23 and a beta of 0.69. Chico’s FAS, Inc. has a 52 week low of $4.42 and a 52 week high of $10.90.
Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $499.90 million during the quarter, compared to analyst estimates of $515.63 million. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. On average, analysts predict that Chico’s FAS, Inc. will post 0.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, December 10th will be issued a $0.085 dividend. The ex-dividend date is Friday, December 7th. This represents a $0.34 annualized dividend and a dividend yield of 6.30%. Chico’s FAS’s dividend payout ratio is currently 50.00%.
Several brokerages have weighed in on CHS. Zacks Investment Research downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. ValuEngine raised Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. B. Riley set a $7.00 target price on Chico’s FAS and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley decreased their price objective on Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Citigroup decreased their price objective on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $7.14.
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About Chico’s FAS
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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