State Board of Administration of Florida Retirement System reduced its position in Chico's FAS, Inc. (NYSE:CHS - Get Rating) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,655 shares of the specialty retailer's stock after selling 38,700 shares during the quarter. State Board of Administration of Florida Retirement System's holdings in Chico's FAS were worth $234,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Chico's FAS by 109.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,649 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 3,475 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of Chico's FAS by 33.2% in the third quarter. Metropolitan Life Insurance Co NY now owns 7,558 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 1,885 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Chico's FAS in the third quarter valued at about $40,000. Mirabella Financial Services LLP bought a new stake in shares of Chico's FAS in the first quarter valued at about $48,000. Finally, LPL Financial LLC bought a new position in Chico's FAS in the fourth quarter worth about $54,000. 88.59% of the stock is currently owned by institutional investors.
Insider Activity at Chico's FAS
In other Chico's FAS news, Director Bonnie R. Brooks sold 30,400 shares of the company's stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $6.15, for a total value of $186,960.00. Following the sale, the director now owns 774,240 shares in the company, valued at approximately $4,761,576. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Bonnie R. Brooks sold 30,400 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $6.15, for a total transaction of $186,960.00. Following the sale, the director now directly owns 774,240 shares of the company's stock, valued at $4,761,576. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bonnie R. Brooks sold 69,600 shares of Chico's FAS stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $6.28, for a total transaction of $437,088.00. Following the completion of the transaction, the director now directly owns 704,640 shares of the company's stock, valued at approximately $4,425,139.20. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.
Chico's FAS Stock Performance
CHS opened at $4.90 on Monday. The firm's 50-day moving average price is $5.32 and its 200-day moving average price is $5.42. The company has a market cap of $605.25 million, a P/E ratio of 5.57 and a beta of 1.20. Chico's FAS, Inc. has a 52-week low of $3.80 and a 52-week high of $7.30. The company has a quick ratio of 0.53, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.
Chico's FAS (NYSE:CHS - Get Rating) last issued its earnings results on Tuesday, February 28th. The specialty retailer reported $0.06 EPS for the quarter. The firm had revenue of $524.05 million for the quarter, compared to analyst estimates of $512.00 million. Chico's FAS had a return on equity of 36.01% and a net margin of 5.09%. As a group, equities analysts anticipate that Chico's FAS, Inc. will post 0.83 EPS for the current fiscal year.
Wall Street Analyst Weigh In
CHS has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Chico's FAS in a report on Thursday. They issued a "buy" rating for the company. Telsey Advisory Group restated a "market perform" rating and set a $6.00 price objective on shares of Chico's FAS in a report on Tuesday, April 11th. Finally, B. Riley restated a "buy" rating on shares of Chico's FAS in a report on Thursday, April 13th.
About Chico's FAS
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Chico's FAS, Inc engages in the retail of women's private branded, sophisticated, casual-to-dressy apparel, intimates, and complementary accessories. It operates through the following segments: Chico's, White House Black Market, and Soma. The Chico's segment sells exclusively designed, private branded clothing focusing on women with moderate-to-high household income levels.
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