Trexquant Investment LP Purchases New Shares in Chico’s FAS, Inc. (NYSE:CHS)

Trexquant Investment LP bought a new position in Chico’s FAS, Inc. (NYSE:CHS – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 298,480 shares of the specialty retailer’s stock, valued at approximately $1,445,000. Trexquant Investment LP owned approximately 0.24% of Chico’s FAS at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in 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 in the last quarter. Metropolitan Life Insurance Co NY increased its position in Chico’s FAS by 33.2% during the third quarter. Metropolitan Life Insurance Co NY now owns 7,558 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 1,885 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Chico’s FAS during the third quarter valued at $40,000. Sei Investments Co. increased its position in Chico’s FAS by 20.6% during the first quarter. Sei Investments Co. now owns 14,093 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 2,404 shares during the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in Chico’s FAS in the first quarter worth about $48,000. 88.59% of the stock is owned by institutional investors.

Chico’s FAS Price Performance

CHS opened at $6.06 on Monday. The business has a fifty day moving average of $5.21 and a 200 day moving average of $5.42. Chico’s FAS, Inc. has a 52-week low of $3.80 and a 52-week high of $7.30. The company has a quick ratio of 0.53, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The stock has a market cap of $757.92 million, a P/E ratio of 6.89 and a beta of 1.23.

Analyst Ratings Changes

Several research firms recently issued reports on CHS. TheStreet cut Chico’s FAS from a “b-” rating to a “c” rating in a research report on Tuesday, November 22nd. StockNews.com raised Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Monday, February 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of Chico’s FAS in a research note on Tuesday, February 28th.

Chico’s FAS Profile

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Chico’s FAS, Inc engages in the retail of women’s private branded, sophisticated, casual-to-dressy apparel, intimates, and complementary accessories. The firm’s product portfolio consists of the following brands: Chico’s, Soma, and White House Black Market. It also operates boutiques, retail stores, and websites to sell the products.