Chico’s FAS, Inc. (CHS) Shares Bought by Hsbc Holdings PLC

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Hsbc Holdings PLC lifted its stake in Chico’s FAS, Inc. (NYSE:CHS) by 40.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,361 shares of the specialty retailer’s stock after acquiring an additional 24,198 shares during the quarter. Hsbc Holdings PLC owned 0.07% of Chico’s FAS worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. grew its stake in shares of Chico’s FAS by 42.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 24,641 shares of the specialty retailer’s stock worth $217,000 after acquiring an additional 7,333 shares during the period. New York State Common Retirement Fund grew its stake in shares of Chico’s FAS by 7.5% in the first quarter. New York State Common Retirement Fund now owns 138,600 shares of the specialty retailer’s stock worth $1,253,000 after acquiring an additional 9,700 shares during the period. Swiss National Bank grew its stake in shares of Chico’s FAS by 4.6% in the first quarter. Swiss National Bank now owns 225,200 shares of the specialty retailer’s stock worth $2,036,000 after acquiring an additional 10,000 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Chico’s FAS by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 177,079 shares of the specialty retailer’s stock worth $1,603,000 after acquiring an additional 12,620 shares during the period. Finally, Elkfork Partners LLC bought a new stake in shares of Chico’s FAS in the fourth quarter worth approximately $124,000. Hedge funds and other institutional investors own 95.39% of the company’s stock.

Chico’s FAS opened at $8.44 on Friday, according to MarketBeat Ratings. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.09 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.27 and a beta of 0.72. Chico’s FAS, Inc. has a 12-month low of $6.96 and a 12-month high of $10.90.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, May 30th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). Chico’s FAS had a return on equity of 12.82% and a net margin of 4.26%. The business had revenue of $561.80 million during the quarter, compared to analysts’ expectations of $551.99 million. During the same period in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. equities research analysts predict that Chico’s FAS, Inc. will post 0.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 18th will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Friday, June 15th. Chico’s FAS’s dividend payout ratio is currently 50.00%.

CHS has been the subject of a number of research analyst reports. Nomura lifted their price target on shares of Chico’s FAS from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, March 5th. Morgan Stanley reduced their price target on shares of Chico’s FAS from $12.00 to $7.50 and set an “equal weight” rating for the company in a research note on Friday, June 1st. ValuEngine lowered shares of Chico’s FAS from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 31st. SunTrust Banks set a $14.00 price target on shares of Chico’s FAS and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, B. Riley dropped their price objective on shares of Chico’s FAS from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $9.88.

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.

Institutional Ownership by Quarter for Chico`s FAS (NYSE:CHS)

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