Bank of New York Mellon Corp grew its position in shares of Chico’s FAS, Inc. (NYSE:CHS) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,081,867 shares of the specialty retailer’s stock after buying an additional 334,251 shares during the period. Bank of New York Mellon Corp owned approximately 2.45% of Chico’s FAS worth $17,321,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CHS. Renaissance Technologies LLC increased its position in shares of Chico’s FAS by 193.7% in the third quarter. Renaissance Technologies LLC now owns 4,924,864 shares of the specialty retailer’s stock worth $42,699,000 after purchasing an additional 3,247,764 shares during the period. Neuberger Berman Group LLC increased its position in shares of Chico’s FAS by 85.3% in the third quarter. Neuberger Berman Group LLC now owns 3,210,303 shares of the specialty retailer’s stock worth $27,831,000 after purchasing an additional 1,477,841 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Chico’s FAS by 106.2% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,708,484 shares of the specialty retailer’s stock worth $15,220,000 after purchasing an additional 1,394,900 shares during the period. Contrarius Investment Management Ltd increased its position in shares of Chico’s FAS by 98.9% in the fourth quarter. Contrarius Investment Management Ltd now owns 1,752,334 shares of the specialty retailer’s stock worth $9,848,000 after purchasing an additional 871,306 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Chico’s FAS by 124.8% in the third quarter. AQR Capital Management LLC now owns 1,459,432 shares of the specialty retailer’s stock worth $12,653,000 after purchasing an additional 810,360 shares during the period. Hedge funds and other institutional investors own 99.55% of the company’s stock.
A number of brokerages recently commented on CHS. Zacks Investment Research cut Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. ValuEngine cut Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.15.
Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, March 6th. The specialty retailer reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. Chico’s FAS had a return on equity of 6.89% and a net margin of 1.67%. The firm had revenue of $524.70 million for the quarter, compared to analysts’ expectations of $514.28 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. As a group, analysts expect that Chico’s FAS, Inc. will post 0.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 9.28%. This is a positive change from Chico’s FAS’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, March 15th. Chico’s FAS’s dividend payout ratio (DPR) is presently 112.90%.
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About Chico’s FAS
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.
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