Acadian Asset Management LLC Buys 8,405 Shares of Chico’s FAS, Inc. (CHS)

Acadian Asset Management LLC lifted its stake in Chico’s FAS, Inc. (NYSE:CHS) by 145.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,191 shares of the specialty retailer’s stock after buying an additional 8,405 shares during the quarter. Acadian Asset Management LLC’s holdings in Chico’s FAS were worth $123,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CHS. Jennison Associates LLC boosted its position in Chico’s FAS by 54.6% during the second quarter. Jennison Associates LLC now owns 159,940 shares of the specialty retailer’s stock worth $1,302,000 after purchasing an additional 56,501 shares in the last quarter. Northern Trust Corp lifted its position in shares of Chico’s FAS by 9.0% in the second quarter. Northern Trust Corp now owns 1,808,109 shares of the specialty retailer’s stock valued at $14,719,000 after acquiring an additional 149,136 shares in the last quarter. Strs Ohio purchased a new position in shares of Chico’s FAS in the second quarter valued at approximately $943,000. Dimensional Fund Advisors LP lifted its position in shares of Chico’s FAS by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 10,881,891 shares of the specialty retailer’s stock valued at $88,580,000 after acquiring an additional 1,218,303 shares in the last quarter. Finally, James Investment Research Inc. lifted its position in shares of Chico’s FAS by 22.3% in the third quarter. James Investment Research Inc. now owns 248,595 shares of the specialty retailer’s stock valued at $2,155,000 after acquiring an additional 45,370 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

NYSE CHS opened at $7.10 on Friday. The company has a market capitalization of $898.74 million, a PE ratio of 10.44, a PEG ratio of 1.16 and a beta of 0.78. Chico’s FAS, Inc. has a 1-year low of $6.66 and a 1-year high of $10.90. The company has a current ratio of 2.01, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10.

Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, August 29th. The specialty retailer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $544.72 million for the quarter, compared to the consensus estimate of $541.02 million. Chico’s FAS had a return on equity of 11.79% and a net margin of 4.06%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. On average, research analysts predict that Chico’s FAS, Inc. will post 0.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Monday, December 10th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.34 annualized dividend and a dividend yield of 4.79%. Chico’s FAS’s dividend payout ratio is presently 50.00%.

CHS has been the topic of several research reports. Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.67.

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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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Institutional Ownership by Quarter for Chico`s FAS (NYSE:CHS)

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