Ameriprise Financial Inc. increased its stake in shares of Chico’s FAS Inc. (NYSE:CHS) by 69.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,048,516 shares of the company’s stock after buying an additional 429,786 shares during the period. Ameriprise Financial Inc. owned 0.80% of Chico’s FAS worth $11,229,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Chico’s FAS during the second quarter worth $100,000. Oakbrook Investments LLC increased its stake in Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the period. Princeton Alpha Management LP acquired a new stake in Chico’s FAS during the second quarter worth $142,000. Fox Run Management L.L.C. acquired a new stake in Chico’s FAS during the second quarter worth $199,000. Finally, Bank of Montreal Can acquired a new stake in Chico’s FAS during the second quarter worth $209,000. Institutional investors own 92.63% of the company’s stock.
Shares of Chico’s FAS Inc. (NYSE:CHS) traded up 0.58% during midday trading on Thursday, hitting $12.10. The stock had a trading volume of 2,157,887 shares. The firm has a 50-day moving average price of $12.05 and a 200-day moving average price of $11.84. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 77.07 and a beta of 0.88. Chico’s FAS Inc. has a 1-year low of $9.61 and a 1-year high of $15.77.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. The business earned $635.70 million during the quarter, compared to analyst estimates of $632.49 million. Chico’s FAS had a return on equity of 14.41% and a net margin of 0.84%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, equities analysts anticipate that Chico’s FAS Inc. will post $0.68 EPS for the current fiscal year.
A number of analysts recently weighed in on the company. Jefferies Group restated a “hold” rating and issued a $11.00 price target on shares of Chico’s FAS in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, September 7th. RBC Capital Markets reiterated an “outperform” rating and set a $14.00 target price (up from $13.00) on shares of Chico’s FAS in a research report on Sunday, September 4th. FBR & Co reiterated an “outperform” rating and set a $17.00 target price on shares of Chico’s FAS in a research report on Saturday, September 3rd. Finally, Mizuho boosted their target price on Chico’s FAS from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 31st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $13.26.
Chico’s FAS Company Profile
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
Receive News & Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.