Crossmark Global Holdings Inc. Increases Holdings in Chico’s FAS, Inc. (CHS)

Crossmark Global Holdings Inc. grew its position in shares of Chico’s FAS, Inc. (NYSE:CHS) by 51.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 63,627 shares of the specialty retailer’s stock after acquiring an additional 21,600 shares during the period. Crossmark Global Holdings Inc.’s holdings in Chico’s FAS were worth $358,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in Chico’s FAS by 13.9% during the second quarter. Bank of America Corp DE now owns 416,375 shares of the specialty retailer’s stock worth $3,390,000 after purchasing an additional 50,699 shares during the last quarter. Bank of New York Mellon Corp increased its position in Chico’s FAS by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 2,583,294 shares of the specialty retailer’s stock worth $21,028,000 after purchasing an additional 15,987 shares during the last quarter. Northern Trust Corp increased its position in Chico’s FAS by 9.0% during the second quarter. Northern Trust Corp now owns 1,808,109 shares of the specialty retailer’s stock worth $14,719,000 after purchasing an additional 149,136 shares during the last quarter. Bank of Montreal Can increased its position in Chico’s FAS by 27.9% during the third quarter. Bank of Montreal Can now owns 259,882 shares of the specialty retailer’s stock worth $2,253,000 after purchasing an additional 56,689 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in Chico’s FAS during the third quarter worth about $299,000. Institutional investors and hedge funds own 98.38% of the company’s stock.

CHS has been the subject of several recent analyst reports. B. Riley set a $7.00 price objective on shares of Chico’s FAS and gave the stock a “buy” rating in a research report on Thursday, November 29th. Zacks Investment Research upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, October 30th. Morgan Stanley cut their price objective on shares of Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, November 30th. Nomura set a $6.00 price objective on shares of Chico’s FAS and gave the stock a “hold” rating in a research report on Tuesday, December 11th. Finally, ValuEngine cut shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.50.

Shares of CHS opened at $5.68 on Tuesday. Chico’s FAS, Inc. has a 1-year low of $4.42 and a 1-year high of $10.90. The stock has a market cap of $714.18 million, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.47 and a beta of 0.40. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.09.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Chico’s FAS had a net margin of 3.66% and a return on equity of 10.14%. The company had revenue of $499.90 million for the quarter, compared to analyst estimates of $515.63 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. Chico’s FAS’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts predict that Chico’s FAS, Inc. will post 0.33 earnings per share for the current fiscal year.

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About Chico’s FAS

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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