Cibc World Market Inc. Acquires New Holdings in Chico’s FAS, Inc. (NYSE:CHS)

Cibc World Market Inc. acquired a new position in Chico’s FAS, Inc. (NYSE:CHSGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,861 shares of the specialty retailer’s stock, valued at approximately $178,000.

A number of other hedge funds also recently bought and sold shares of CHS. Victory Capital Management Inc. raised its position in shares of Chico’s FAS by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 285,508 shares of the specialty retailer’s stock worth $1,384,000 after acquiring an additional 14,246 shares in the last quarter. Aigen Investment Management LP raised its holdings in Chico’s FAS by 81.4% in the first quarter. Aigen Investment Management LP now owns 140,306 shares of the specialty retailer’s stock worth $673,000 after purchasing an additional 62,979 shares in the last quarter. Smith Graham & Co. Investment Advisors LP lifted its position in shares of Chico’s FAS by 17.9% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 848,530 shares of the specialty retailer’s stock valued at $4,073,000 after buying an additional 128,575 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Chico’s FAS in the 1st quarter valued at about $574,000. Finally, Profund Advisors LLC boosted its holdings in shares of Chico’s FAS by 24.7% in the 1st quarter. Profund Advisors LLC now owns 16,964 shares of the specialty retailer’s stock valued at $81,000 after buying an additional 3,356 shares in the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.

Chico’s FAS Stock Performance

CHS opened at $6.11 on Friday. The firm’s 50-day moving average price is $5.59 and its 200-day moving average price is $5.48. The company has a market cap of $764.61 million, a P/E ratio of 6.71 and a beta of 1.22. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. Chico’s FAS, Inc. has a 52-week low of $3.80 and a 52-week high of $7.30.

Chico’s FAS (NYSE:CHSGet Rating) last issued its quarterly earnings results on Wednesday, August 31st. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The business had revenue of $558.72 million for the quarter, compared to analyst estimates of $543.90 million. Chico’s FAS had a net margin of 5.31% and a return on equity of 40.94%. During the same quarter in the prior year, the business posted $0.21 EPS. As a group, equities analysts anticipate that Chico’s FAS, Inc. will post 0.91 EPS for the current fiscal year.

Insider Activity at Chico’s FAS

In other Chico’s FAS news, Director Bonnie R. Brooks sold 100,000 shares of Chico’s FAS stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $5.02, for a total transaction of $502,000.00. Following the completion of the sale, the director now owns 992,527 shares of the company’s stock, valued at approximately $4,982,485.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CHS has been the subject of several recent analyst reports. TheStreet lowered shares of Chico’s FAS from a “b-” rating to a “c” rating in a research note on Tuesday. StockNews.com assumed coverage on Chico’s FAS in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Telsey Advisory Group raised their price objective on Chico’s FAS from $6.00 to $7.00 and gave the stock a “market perform” rating in a research report on Thursday, September 1st.

Chico’s FAS Company Profile

(Get Rating)

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 brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

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

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