Investors Sell Shares of Chico’s FAS Inc. (CHS) on Strength (CHS)
Traders sold shares of Chico’s FAS Inc. (NYSE:CHS) on strength during trading hours on Thursday. $1.74 million flowed into the stock on the tick-up and $22.33 million flowed out of the stock on the tick-down, for a money net flow of $20.59 million out of the stock. Of all equities tracked, Chico’s FAS had the 0th highest net out-flow for the day. Chico’s FAS traded up $0.02 for the day and closed at $11.25
CHS has been the topic of a number of recent research reports. FBR & Co reaffirmed a “buy” rating and issued a $18.00 target price on shares of Chico’s FAS in a report on Tuesday, April 26th. Deutsche Bank AG initiated coverage on Chico’s FAS in a report on Tuesday, April 26th. They issued a “hold” rating and a $13.00 target price on the stock. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, April 27th. Wolfe Research raised Chico’s FAS from an “underperform” rating to a “peer perform” rating in a report on Wednesday, May 25th. Finally, MKM Partners decreased their target price on Chico’s FAS from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.47.
The company has a 50-day moving average of $11.29 and a 200-day moving average of $11.57. The company’s market capitalization is $1.55 billion.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Thursday, May 26th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.06. During the same period in the prior year, the business posted $0.28 EPS. The business had revenue of $642.98 million for the quarter, compared to analyst estimates of $668.67 million. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts expect that Chico’s FAS Inc. will post $0.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Monday, September 12th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.72%.
Several hedge funds and institutional investors have recently modified their holdings of CHS. TrimTabs Asset Management LLC purchased a new position in shares of Chico’s FAS during the fourth quarter worth $1,616,000. Trexquant Investment LP purchased a new position in shares of Chico’s FAS during the fourth quarter worth $1,373,000. Systematic Financial Management LP increased its position in shares of Chico’s FAS by 3.5% in the fourth quarter. Systematic Financial Management LP now owns 147,682 shares of the company’s stock worth $1,575,000 after buying an additional 4,930 shares during the period. Schroder Investment Management Group purchased a new position in shares of Chico’s FAS during the fourth quarter worth $12,970,000. Finally, Royce & Associates LLC increased its position in shares of Chico’s FAS by 19.0% in the fourth quarter. Royce & Associates LLC now owns 658,400 shares of the company’s stock worth $7,025,000 after buying an additional 105,000 shares during the period.
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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