Economy

Chicos Fas Inc (NYSE:CHS) Institutional Investor Positioning Change

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 number of shares now owned by investors are 126.77 mln. Municipal Employees Retirement System of MI raised its position in shares of Chico's FAS by 1.5% in the third quarter. 43 funds opened positions while 86 raised stakes.

Chico's FAS, Inc. (NYSE:CHS) now has a 10-year dividend growth rate of -53.92%. The company has market cap of $1.09 billion. The corporation is also engaged in the sale of merchandise in its domestic and global retail stores. Also, it has an estimated price-earnings (P/E) multiple of 12 and a trailing 12-month price-earnings (P/E) multiple of 11.73. The Company's brands are specialty retailers of private label women's apparel and related products.

The stock increased 1.36% or $0.11 on September 22, reaching $8.22. The volume of CHS witnessed a shift from 2.28 million shares, based on a 50-day average, to 3 million shares. Chico's FAS, Inc. (NYSE:CHS)'s FCF growth is presently at 0.029174. It has underperformed by 15.62% the S&P500. $732,661 worth of Chico's FAS, Inc. They expect this year's earnings to fall -20.99% year-over-year to $0.64, followed by 9.37% growth in the next year to $0.7. It last reported revenues of $228.85 million and EPS of $0.08 for the June 2017, representing -18% top-line growth and 0.28 EPS growth. For the current quarter Chico's Fas (NYSE:CHS) has high EPS estimates of $0.19 in contradiction of low EPS estimates of $0.12. After $0.18 actual earnings per share reported by Chico's FAS, Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth. Cornercap Investment Counsel Inc. now owns 48,105 shares of the company's stock valued at $692,000 after buying an additional 645 shares in the last quarter. Moreover, Smith Graham & Co. Ls Inv Ltd Limited Liability Company stated it has 10,320 shares or 0.01% of all its holdings.

Since March 27, 2017, it had 2 insider buys, and 0 sales for $1,998 activity. Finally, Zacks Investment Research upgraded shares of Chico's FAS from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 25th.

Among 2 analysts covering SJW Corp (NYSE:SJW), 2 have Buy rating, 0 Sell and 0 Hold.

Over the past year, the price of Chico's FAS, Inc. Antares Pharma, Inc. (NASDAQ:ATRS) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages. CHS was included in 47 notes of analysts from August 14, 2015. Victory Capital Management Inc. now owns 31,615 shares of the specialty retailer's stock worth $298,000 after purchasing an additional 2,362 shares in the last quarter. The firm has "Neutral" rating given on Wednesday, November 16 by Nomura. State Teachers Retirement Sys holds 0% in SJW Group (NYSE:SJW) or 1,400 shares. (NYSE:MNR) earned "Market Perform" rating by BMO Capital Markets on Friday, December 2. Chico's FAS has a consensus rating of "Hold" and an average target price of $12.54. The firm earned "Outperform" rating on Wednesday, November 25 by RBC Capital Markets. TheStreet lowered Chico's FAS from a "b-" rating to a "c+" rating in a research note on Tuesday, June 6th. The fund held 664,360 stocks of the specialty retailer's shares after acquiring an extra 599,560 shares through out the period.

10/10/2016 - Chico's FAS, Inc. had its "neutral" rating reiterated by analysts at MKM Partners.

In order to put ATRS's recent price performance into context, we need to get a sense of how the stock moves in relation to the overall market. Parkwood LLC purchased a new position in Chico's FAS during the second quarter worth about $102,000. Seekingalpha.com's article titled: "Chico's And The Death Of Retail" and published on August 30, 2017 is yet another important article.

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