Parallel Advisors LLC purchased a new position in shares of Chico’s FAS, Inc. (NYSE:CHS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,529 shares of the specialty retailer’s stock, valued at approximately $25,000.
Other institutional investors have also bought and sold shares of the company. Legacy Capital Partners Inc. purchased a new stake in shares of Chico’s FAS during the 2nd quarter valued at $34,000. Alpine Woods Capital Investors LLC bought a new position in Chico’s FAS in the 1st quarter worth about $59,000. Magnus Financial Group LLC bought a new position in Chico’s FAS in the 2nd quarter worth about $60,000. World Asset Management Inc bought a new position in Chico’s FAS in the 1st quarter worth about $62,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Chico’s FAS during the 1st quarter valued at about $105,000. Hedge funds and other institutional investors own 99.02% of the company’s stock.
Shares of NYSE CHS traded up $0.09 during mid-day trading on Wednesday, hitting $2.61. 1,134,351 shares of the stock traded hands, compared to its average volume of 1,887,559. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.51 and a current ratio of 1.09. The stock has a fifty day moving average price of $3.16 and a 200-day moving average price of $3.91. Chico’s FAS, Inc. has a 52 week low of $2.44 and a 52 week high of $9.26. The company has a market cap of $346.76 million, a price-to-earnings ratio of 8.42, a PEG ratio of 25.79 and a beta of 0.27.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 13.41%. The ex-dividend date of this dividend is Friday, September 13th. Chico’s FAS’s dividend payout ratio is currently 112.90%.
In related news, Director Kimberly Roy Tofalli acquired 14,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $3.62 per share, with a total value of $50,680.00. Following the purchase, the director now directly owns 21,238 shares of the company’s stock, valued at $76,881.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 23,100 shares of company stock valued at $82,741 in the last quarter. 1.80% of the stock is currently owned by company insiders.
A number of brokerages have recently issued reports on CHS. ValuEngine downgraded Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 target price (down previously from $5.00) on shares of Chico’s FAS in a research report on Wednesday, June 12th. Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, B. Riley set a $6.00 price target on Chico’s FAS and gave the stock a “buy” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Chico’s FAS presently has an average rating of “Hold” and a consensus target price of $5.06.
Chico’s FAS Company Profile
Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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