Marshall Wace North America L.P. Invests $3.05 Million in Chico’s FAS, Inc. (CHS) Stock

Marshall Wace North America L.P. acquired a new stake in shares of Chico’s FAS, Inc. (NYSE:CHS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 338,911 shares of the specialty retailer’s stock, valued at approximately $3,050,000. Marshall Wace North America L.P. owned 0.27% of Chico’s FAS at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its holdings in shares of Chico’s FAS by 48.4% in the second quarter. Canada Pension Plan Investment Board now owns 457,384 shares of the specialty retailer’s stock worth $4,309,000 after acquiring an additional 149,200 shares during the period. Shufro Rose & Co. LLC boosted its holdings in shares of Chico’s FAS by 1.9% in the first quarter. Shufro Rose & Co. LLC now owns 194,350 shares of the specialty retailer’s stock worth $2,760,000 after acquiring an additional 3,700 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Chico’s FAS by 25.2% in the first quarter. Vanguard Group Inc. now owns 12,462,465 shares of the specialty retailer’s stock worth $176,967,000 after acquiring an additional 2,511,021 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Chico’s FAS in the second quarter worth $157,000. Finally, Advantus Capital Management Inc boosted its holdings in shares of Chico’s FAS by 3.7% in the first quarter. Advantus Capital Management Inc now owns 16,543 shares of the specialty retailer’s stock worth $235,000 after acquiring an additional 583 shares during the period.

Chico’s FAS, Inc. (CHS) traded up 1.22% during midday trading on Friday, reaching $8.31. The company’s stock had a trading volume of 4,065,488 shares. The firm has a 50 day moving average price of $8.30 and a 200 day moving average price of $10.82. The firm has a market cap of $1.04 billion, a P/E ratio of 11.59 and a beta of 0.63. Chico’s FAS, Inc. has a one year low of $6.96 and a one year high of $16.85.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $578.60 million during the quarter, compared to analysts’ expectations of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Equities research analysts forecast that Chico’s FAS, Inc. will post $0.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a $0.0825 dividend. This represents a $0.33 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Friday, September 8th. Chico’s FAS’s payout ratio is currently 45.83%.

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A number of equities analysts have recently commented on CHS shares. BidaskClub lowered Chico’s FAS from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Jefferies Group LLC set a $11.00 price objective on Chico’s FAS and gave the stock a “hold” rating in a research report on Friday, August 18th. Deutsche Bank AG lowered their price objective on Chico’s FAS from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, May 25th. Citigroup Inc. lowered their price objective on Chico’s FAS from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Finally, ValuEngine downgraded Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Chico’s FAS has an average rating of “Hold” and an average target price of $12.54.

About Chico’s FAS

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

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

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