IndexIQ Advisors LLC decreased its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,496 shares of the specialty retailer’s stock after selling 18,969 shares during the period. IndexIQ Advisors LLC owned 0.18% of Chico’s FAS worth $1,307,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CHS. Renaissance Technologies LLC boosted its position in shares of Chico’s FAS by 193.7% during the 3rd quarter. Renaissance Technologies LLC now owns 4,924,864 shares of the specialty retailer’s stock valued at $42,699,000 after purchasing an additional 3,247,764 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Chico’s FAS by 85.3% in the third quarter. Neuberger Berman Group LLC now owns 3,210,303 shares of the specialty retailer’s stock worth $27,831,000 after acquiring an additional 1,477,841 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in Chico’s FAS in the third quarter worth approximately $10,947,000. AQR Capital Management LLC boosted its holdings in Chico’s FAS by 124.8% in the third quarter. AQR Capital Management LLC now owns 1,459,432 shares of the specialty retailer’s stock worth $12,653,000 after acquiring an additional 810,360 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Chico’s FAS by 516.3% in the third quarter. Thrivent Financial for Lutherans now owns 546,037 shares of the specialty retailer’s stock worth $4,734,000 after acquiring an additional 457,431 shares in the last quarter. Institutional investors own 98.38% of the company’s stock.
CHS has been the topic of several recent research reports. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Tuesday, October 30th. ValuEngine lowered Chico’s FAS from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Royal Bank of Canada lowered Chico’s FAS from an “outperform” rating to a “sector perform” rating and set a $4.50 price target on the stock. in a report on Wednesday, November 28th. MKM Partners cut their price target on Chico’s FAS from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Thursday, November 29th. Finally, Bank of America cut their price target on Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating on the stock in a report on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $6.50.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $499.90 million during the quarter, compared to analysts’ expectations of $515.63 million. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. On average, equities research analysts predict that Chico’s FAS, Inc. will post 0.33 earnings per share for the current fiscal year.
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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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