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.
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.
TRADEMARK VIOLATION WARNING: “Acadian Asset Management LLC Buys 8,405 Shares of Chico’s FAS, Inc. (CHS)” was first published by WKRB News and is the property of of WKRB News. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.wkrb13.com/2018/11/24/acadian-asset-management-llc-buys-8405-shares-of-chicos-fas-inc-chs.html.
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.
Featured Article: Stock Split
Want to see what other hedge funds are holding CHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chico’s FAS, Inc. (NYSE:CHS).
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.