Chico's FAS, Inc. (NYSE:CHS) was the recipient of unusually large options trading on Wednesday. Traders bought 3,173 call options on the company. This represents an increase of approximately 4,782% compared to the typical daily volume of 65 call options.
A number of hedge funds have recently modified their holdings of CHS. State Street Corp grew its position in Chico's FAS by 5.3% during the 2nd quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock worth $48,417,000 after acquiring an additional 256,414 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Chico's FAS by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 285,906 shares of the specialty retailer’s stock worth $2,694,000 after acquiring an additional 2,445 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Chico's FAS during the 2nd quarter worth $328,000. Fox Run Management L.L.C. bought a new stake in Chico's FAS during the 3rd quarter worth $157,000. Finally, First Trust Advisors LP grew its position in Chico's FAS by 63.8% during the 3rd quarter. First Trust Advisors LP now owns 293,173 shares of the specialty retailer’s stock worth $2,624,000 after acquiring an additional 114,154 shares during the last quarter. Institutional investors and hedge funds own 99.84% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research lowered Chico's FAS from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. ValuEngine lowered Chico's FAS from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks reiterated a “buy” rating and issued a $13.00 price target on shares of Chico's FAS in a research note on Friday, February 2nd. B. Riley reiterated a “buy” rating and issued a $14.00 price target on shares of Chico's FAS in a research note on Tuesday, January 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Chico's FAS in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.64.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.34 dividend on an annualized basis and a yield of 3.39%. This is a positive change from Chico's FAS’s previous quarterly dividend of $0.08. Chico's FAS’s payout ratio is currently 49.25%.
Chico's FAS Company Profile
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
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