Arizona State Retirement System lowered its stake in shares of Chico’s FAS, Inc. (NYSE:CHS) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 176,563 shares of the specialty retailer’s stock after selling 17,067 shares during the period. Arizona State Retirement System’s holdings in Chico’s FAS were worth $754,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in CHS. Jane Street Group LLC acquired a new position in shares of Chico’s FAS during the 3rd quarter worth approximately $280,000. Virtu Financial LLC acquired a new position in shares of Chico’s FAS during the 4th quarter worth approximately $82,000. BlackRock Inc. increased its holdings in shares of Chico’s FAS by 3.4% during the 4th quarter. BlackRock Inc. now owns 18,563,076 shares of the specialty retailer’s stock worth $104,326,000 after acquiring an additional 602,025 shares during the last quarter. Eads & Heald Wealth Management acquired a new position in shares of Chico’s FAS during the 4th quarter worth approximately $62,000. Finally, Contrarius Investment Management Ltd increased its holdings in shares of Chico’s FAS by 98.9% during the 4th quarter. Contrarius Investment Management Ltd now owns 1,752,334 shares of the specialty retailer’s stock worth $9,848,000 after acquiring an additional 871,306 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.
CHS stock opened at $3.80 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. The company has a market cap of $474.92 million, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 4.71 and a beta of 0.28. Chico’s FAS, Inc. has a 1-year low of $3.30 and a 1-year high of $10.80.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date of this dividend is Friday, June 14th. Chico’s FAS’s dividend payout ratio is 112.90%.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Monday, February 4th. ValuEngine raised Chico’s FAS from a “hold” rating to a “buy” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.15.
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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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