Bridgeway Capital Management Inc. Acquires 157,200 Shares of Chico’s FAS, Inc. (CHS)

Bridgeway Capital Management Inc. increased its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 66.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 393,200 shares of the specialty retailer’s stock after acquiring an additional 157,200 shares during the period. Bridgeway Capital Management Inc.’s holdings in Chico’s FAS were worth $3,409,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHS. BlackRock Inc. boosted its position in shares of Chico’s FAS by 13.3% during the 2nd quarter. BlackRock Inc. now owns 18,337,938 shares of the specialty retailer’s stock valued at $149,271,000 after acquiring an additional 2,159,269 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Chico’s FAS by 828.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,677,100 shares of the specialty retailer’s stock valued at $13,652,000 after acquiring an additional 1,496,400 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of Chico’s FAS during the 3rd quarter valued at about $10,947,000. Dimensional Fund Advisors LP boosted its position in shares of Chico’s FAS by 12.6% during the 2nd 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, TD Asset Management Inc. boosted its position in shares of Chico’s FAS by 2,322.7% during the 2nd quarter. TD Asset Management Inc. now owns 852,800 shares of the specialty retailer’s stock valued at $6,942,000 after acquiring an additional 817,600 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. MKM Partners decreased their target price on shares of Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup decreased their target price on shares of Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday. B. Riley set a $7.00 target price on shares of Chico’s FAS and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada lowered shares of Chico’s FAS from an “outperform” rating to a “sector perform” rating and set a $4.50 target price on the stock. in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $7.14.

Shares of CHS stock opened at $5.40 on Friday. Chico’s FAS, Inc. has a 12-month low of $4.42 and a 12-month high of $10.90. The stock has a market cap of $678.77 million, a P/E ratio of 10.38, a PEG ratio of 0.98 and a beta of 0.78. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.09.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Chico’s FAS had a net margin of 3.66% and a return on equity of 10.14%. The firm had revenue of $499.90 million for the quarter, compared to the consensus estimate of $515.63 million. During the same period in the prior year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts expect that Chico’s FAS, Inc. will post 0.44 EPS for the current fiscal year.

The company 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 dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 6.30%. The ex-dividend date is Friday, December 7th. Chico’s FAS’s dividend payout ratio is currently 50.00%.

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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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