Assenagon Asset Management S.A. Decreases Position in Chico’s FAS, Inc. (NYSE:CHS)

Assenagon Asset Management S.A. cut its position in Chico’s FAS, Inc. (NYSE:CHSGet Rating) by 68.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 222,106 shares of the specialty retailer’s stock after selling 491,415 shares during the period. Assenagon Asset Management S.A. owned approximately 0.18% of Chico’s FAS worth $1,075,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of Chico’s FAS in the second quarter worth approximately $29,000. Allspring Global Investments Holdings LLC grew its stake in shares of Chico’s FAS by 109.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,649 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 3,475 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of Chico’s FAS by 333.0% in the first quarter. Point72 Hong Kong Ltd now owns 8,309 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 6,390 shares during the period. Sei Investments Co. grew its stake in shares of Chico’s FAS by 20.6% in the first quarter. Sei Investments Co. now owns 14,093 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 2,404 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in shares of Chico’s FAS in the first quarter worth approximately $48,000. 88.59% of the stock is owned by hedge funds and other institutional investors.

Chico’s FAS Stock Performance

Shares of NYSE CHS opened at $4.63 on Friday. The firm has a market capitalization of $579.40 million, a price-to-earnings ratio of 5.09 and a beta of 1.23. Chico’s FAS, Inc. has a 12-month low of $3.80 and a 12-month high of $7.30. The firm has a 50 day moving average of $5.60 and a 200 day moving average of $5.53. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21.

Chico’s FAS (NYSE:CHSGet Rating) last posted its quarterly earnings results on Tuesday, November 22nd. The specialty retailer reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Chico’s FAS had a net margin of 5.31% and a return on equity of 40.94%. The business had revenue of $518.33 million during the quarter, compared to analyst estimates of $508.00 million. On average, research analysts anticipate that Chico’s FAS, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHS. StockNews.com lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered shares of Chico’s FAS from a “b-” rating to a “c” rating in a research note on Tuesday, November 22nd. Finally, Telsey Advisory Group cut their target price on shares of Chico’s FAS from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Tuesday, January 10th.

Insider Activity at Chico’s FAS

In related news, Director Bonnie R. Brooks sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $5.75, for a total transaction of $575,000.00. Following the sale, the director now owns 892,527 shares of the company’s stock, valued at $5,132,030.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by insiders.

Chico’s FAS Company Profile

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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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