Pacer Advisors, Inc. has recently announced that it has increased stake in Chico’s Fas, Inc. (NYSE:CHS) by 50.37%. After grabbing 7.98 million shares, the institutional investor is now in possession of 2.67 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 6.46% having worth around $60.16 million. Moreover, Dimensional Fund Advisors LP increased its share by 0.17 million to have a control over 5.96 million shares. And Renaissance Technologies LLC raised its holdings to 0.48 million shares by acquiring 5.68 million shares or 4.60% of the stake.
Chico’s Fas, Inc. (CHS) concluded trading on 01/04/24 at a closing price of $7.59, with 7.25 million shares of worth about $55.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.56% during that period and on Thursday the price saw a loss of about -0.13%. Currently the company’s common shares owned by public are about 125.02M shares, out of which, 118.83M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 1,387,779 shares in 19 of the transactions. In 24 selling transactions, insiders dumped 703,645 shares.
Pacer Fds. Tr. – US Small Cap Cas, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Chico’s Fas, Inc. Pacer Fds. Tr. – US Small Cap Cas is currently holding 11.54 million shares of worth totaling $87.04 million. The company recently came buying 0.14 million shares which brought its stake up to 9.35% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 4584.0 shares, after which its hold over company’s outstanding shares expand to 6.69%, leaving 8.26 million shares with the mutual fund that have a worth of about $62.31 million. Vanguard Total Stock Market ETF, after buying 3.69 million shares, have now control over 2.99% of the stake in the company. It holds 0.0 shares of worth $27.84 million.
However, the stock later moved at a day high price of 7.60, or with a loss of -0.13%. Stock saw a price change of 0.13% in past 5 days and over the past one month there was a price change of 0.53%. Year-to-date (YTD), CHS shares are showing a performance of 0.13% which increased to 55.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.33 but also hit the highest price of $7.60 during that period. The average intraday trading volume for Chico’s Fas, Inc. shares is 2.91 million. The stock is currently trading 0.33% above its 20-day simple moving average (SMA20), while that difference is up 0.85% for SMA50 and it goes to 25.97% higher than SMA200.
Pacer Advisors, Inc. acquired 7.98 million shares of Chico’s Fas, Inc. having value of about $60.16 million. Data submitted at the U.S SEC by Pacer Advisors, Inc. revealed that the firm now holds 2.67 million shares in the company valued at close to $20284737.99, or have control over 50.37% stake in the company. Chico’s Fas, Inc. (NYSE: CHS) currently have 125.02M outstanding shares and institutions hold larger chunk of about 87.65% of that. Holding of mutual funds in the company is about 34.27% while other institutional holders and individual stake holders have control over 53.64% and 10.45% of the stake respectively.
The stock has a current market capitalization of $937.06M and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 8.35, while it has posted earnings per share of $0.91 in the same period. Its PEG reads 0.83 and has Quick Ratio of 0.42 while making debt-to-equity ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHS, volatility over the week remained 0.21% while standing at 0.33% over the month.
Analysts are in expectations that Chico’s Fas, Inc. (CHS) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.32 and it is $0.77 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -21.02% while it is estimated to increase by 5.04% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 2.09% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on March 30, 2023 offering a Buy rating for the stock and assigned a target price of $9.25 to it.
