Pacer Advisors, Inc. recently announced the acquisition of new stake in Chico’s Fas, Inc. (NYSE:CHS). The institutional investor has increased its shareholding in the Consumer Cyclical company by 50.37% to 7.98 million shares with purchase of 2.67 million shares. This fresh investment now brings its stake to 6.46% valued currently at $60.16 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.17 million to 5.96 million shares. And Renaissance Technologies LLC has lifted its position by 9.32% or 0.48 million shares – to 5.68 million shares.
With over 26.53 million Chico’s Fas, Inc. (CHS) shares trading Friday and a closing price of $7.52 on the day, the dollar volume was approximately $199.54 million. The shares have shown a positive half year performance of 45.74% and its price on 12/15/23 lost nearly -0.53%. Currently, there are 125.02M common shares owned by the public and among those 118.83M shares have been available to trade.
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Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 1,387,779 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 703,645 shares.
The top 3 mutual fund holders in Chico’s Fas, Inc. are Pacer Fds. Tr. – US Small Cap Cas, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market ETF. Pacer Fds. Tr. – US Small Cap Cas owns 11.54 million shares of the company’s stock, all valued at over $87.04 million. The company bought an additional 0.14 million shares recently to bring their total holdings to about 9.35% of the shares outstanding. iShares Core S&P Small Cap ETF bought 4584.0 shares to see its total holdings expand to 8.26 million shares valued at over $62.31 million and representing 6.69% of the shares outstanding. Vanguard Total Stock Market ETF now owns shares totaling to 2.99% of the shares outstanding.
Shares of Chico’s Fas, Inc. (NYSE: CHS) opened at $7.57, up $0.01 from a prior closing price of $7.56. However, the script later moved the day high at 7.58, down -0.53%. The company’s stock has a 5-day price change of -0.53% and 67.11% over the past three months. CHS shares are trading 52.85% year to date (YTD), with the 12-month market performance up to 38.24% higher. It has a 12-month low price of $4.33 and touched a high of $7.59 over the same period. CHS has an average intraday trading volume of 3.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.19%, 0.23%, and 26.70% respectively.
Institutional ownership of Chico’s Fas, Inc. (NYSE: CHS) shares accounts for 87.67% of the company’s 125.02M shares outstanding. Mutual fund holders own 31.72%, while other institutional holders and individual stakeholders account for 56.17% and 10.45% respectively.
It has a market capitalization of $928.42M and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 8.27, while the earnings-per-share (ttm) stands at $0.91. The company has a PEG of 0.83 and a Quick Ratio of 0.42 with the debt-to-equity ratio at 1.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.52% over the week and 0.39% over the month.
Analysts forecast that Chico’s Fas, Inc. (CHS) will achieve an EPS of $0.01 for the current quarter, $0.32 for the next quarter and $0.77 for 2025. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -21.02%, and 5.04% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to 2.09% over the past 5-year period.
Looking at the support for the CHS, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on March 30, 2023, with the firm’s price target at $9.25.
