Comerica Bank Has $935,000 Stake in Chico’s FAS, Inc. (CHS)

Comerica Bank decreased its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,282 shares of the specialty retailer’s stock after selling 13,976 shares during the quarter. Comerica Bank’s holdings in Chico’s FAS were worth $935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CHS. Acadian Asset Management LLC increased its stake in shares of Chico’s FAS by 145.3% during the 3rd quarter. Acadian Asset Management LLC now owns 14,191 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 8,405 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Chico’s FAS during the 2nd quarter worth $150,000. Itau Unibanco Holding S.A. acquired a new position in shares of Chico’s FAS during the 2nd quarter worth $163,000. Royal Bank of Canada increased its stake in shares of Chico’s FAS by 208.2% during the 1st quarter. Royal Bank of Canada now owns 18,186 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 12,286 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in shares of Chico’s FAS by 238.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 23,580 shares of the specialty retailer’s stock worth $192,000 after purchasing an additional 16,604 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

NYSE CHS opened at $5.80 on Monday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.09. The firm has a market cap of $729.26 million, a P/E ratio of 11.15, a PEG ratio of 1.75 and a beta of 0.69. Chico’s FAS, Inc. has a 1 year low of $4.42 and a 1 year high of $10.90.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $499.90 million for the quarter, compared to the consensus estimate of $515.63 million. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. Chico’s FAS’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. On average, equities research analysts expect that Chico’s FAS, Inc. will post 0.33 earnings per share for the current 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. This represents a $0.34 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Friday, December 7th. Chico’s FAS’s dividend payout ratio (DPR) is presently 50.00%.

CHS has been the subject of several recent analyst reports. B. Riley set a $7.00 price objective on shares of Chico’s FAS and gave the stock a “buy” rating in a report on Thursday, November 29th. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Zacks Investment Research raised shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, October 30th. Morgan Stanley decreased their price objective on shares of Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating for the company in a report on Friday, November 30th. Finally, Citigroup decreased their price objective on shares of Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, November 29th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.14.

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Chico’s FAS 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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