Axa grew its holdings in Chico's FAS, Inc. (NYSE:CHS) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,150 shares of the specialty retailer’s stock after purchasing an additional 15,310 shares during the period. Axa’s holdings in Chico's FAS were worth $663,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CHS. Dynamic Technology Lab Private Ltd bought a new stake in shares of Chico's FAS in the 3rd quarter worth $108,000. Cerebellum GP LLC bought a new stake in shares of Chico's FAS in the 4th quarter worth $125,000. Pinebridge Investments L.P. bought a new stake in shares of Chico's FAS in the 3rd quarter worth $142,000. Crossmark Global Holdings Inc. bought a new stake in shares of Chico's FAS in the 3rd quarter worth $145,000. Finally, CIBC Asset Management Inc increased its holdings in shares of Chico's FAS by 50.8% in the 4th quarter. CIBC Asset Management Inc now owns 16,616 shares of the specialty retailer’s stock worth $147,000 after purchasing an additional 5,600 shares in the last quarter. 99.45% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the company. Zacks Investment Research lowered Chico's FAS from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $12.00 target price (up previously from $11.00) on shares of Chico's FAS in a report on Thursday, March 1st. SunTrust Banks set a $14.00 target price on Chico's FAS and gave the stock a “buy” rating in a report on Wednesday, February 28th. Jefferies Group reissued a “hold” rating and issued a $10.00 target price on shares of Chico's FAS in a report on Thursday, March 1st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $11.00 target price on shares of Chico's FAS in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.92.
Chico's FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Chico's FAS had a return on equity of 13.79% and a net margin of 4.43%. The company had revenue of $587.78 million during the quarter, compared to analyst estimates of $579.75 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Chico's FAS’s revenue was down 2.2% compared to the same quarter last year. analysts forecast that Chico's FAS, Inc. will post 0.88 EPS for the current fiscal year.
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 issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.34 annualized dividend and a dividend yield of 3.81%. This is a positive change from Chico's FAS’s previous quarterly dividend of $0.08. Chico's FAS’s payout ratio is presently 43.04%.
Chico's FAS 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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