Millennium Management LLC Reduces Stake in Chico’s FAS, Inc. (CHS)

Millennium Management LLC decreased its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 48.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,741,097 shares of the specialty retailer’s stock after selling 1,637,322 shares during the quarter. Millennium Management LLC’s holdings in Chico’s FAS were worth $15,740,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CHS. Elkfork Partners LLC purchased a new stake in shares of Chico’s FAS during the fourth quarter worth $124,000. Element Capital Management LLC acquired a new position in shares of Chico’s FAS during the 1st quarter valued at about $139,000. Martingale Asset Management L P acquired a new position in shares of Chico’s FAS during the 4th quarter valued at about $152,000. Xact Kapitalforvaltning AB acquired a new position in shares of Chico’s FAS during the 4th quarter valued at about $167,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Chico’s FAS during the 1st quarter valued at about $184,000. 95.39% of the stock is owned by institutional investors and hedge funds.

NYSE CHS opened at $8.44 on Thursday. Chico’s FAS, Inc. has a 12 month low of $6.96 and a 12 month high of $10.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.88. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.27 and a beta of 0.70.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Wednesday, May 30th. The specialty retailer reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). Chico’s FAS had a net margin of 4.26% and a return on equity of 12.82%. The company had revenue of $561.80 million during the quarter, compared to analyst estimates of $551.99 million. During the same period in the previous year, the company earned $0.25 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. analysts predict that Chico’s FAS, Inc. will post 0.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be given a $0.085 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.34 dividend on an annualized basis and a yield of 4.03%. Chico’s FAS’s payout ratio is currently 50.00%.

Several brokerages have recently weighed in on CHS. TheStreet raised shares of Chico’s FAS from a “c+” rating to a “b-” rating in a research report on Monday, May 21st. ValuEngine raised shares of Chico’s FAS from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 6th. Telsey Advisory Group lowered their price target on shares of Chico’s FAS from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, May 31st. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Finally, B. Riley lowered their price target on shares of Chico’s FAS from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.88.

Chico’s FAS Company Profile

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

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