Barington Capital Group buys $11,110,294 stake in Chico's FAS (CHS)

Chico's FAS (CHS) : Barington Capital Group scooped up 162,311 additional shares in Chico's FAS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 956,959 shares of Chico's FAS which is valued at $11,110,294.Chico's FAS makes up approximately 9.53% of Barington Capital Group’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in CHS in the latest quarter, The investment management firm added 1,720 additional shares and now holds a total of 18,750 shares of Chico's FAS which is valued at $217,688.White Pine Investment Co reduced its stake in CHS by selling 2,000 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 173,590 shares of CHS which is valued at $2,039,683. Chico's FAS makes up approx 1.18% of White Pine Investment Co’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in CHS in the latest quarter, The investment management firm added 3,584 additional shares and now holds a total of 73,516 shares of Chico's FAS which is valued at $825,585. Chico's FAS makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio. Signaturefd added CHS to its portfolio by purchasing 78 company shares during the most recent quarter which is valued at $937.

Chico's FAS opened for trading at $11.74 and hit $11.84 on the upside on Monday, eventually ending the session at $11.83, with a gain of 0.77% or 0.09 points. The heightened volatility saw the trading volume jump to 20,64,432 shares. Company has a market cap of $1,569 M.

On the company’s financial health, Chico's FAS reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on May 26, 2016. Analyst had a consensus of $0.31. The company had revenue of $643.00 million for the quarter, compared to analysts expectations of $667.14 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Investors should note that on Jun 17, 2016, Chico's FAS announced a cash dividend of $0.0800. The company’s management has announced Sep 8, 2016 as the ex-dividend date and fixed the record date on Sep 12, 2016. The payable date has been fixed on Sep 26, 2016.

Many Wall Street Analysts have commented on Chico's FAS. Shares were Reiterated by Mizuho on May 27, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $14 .Shares were Reiterated by FBR Capital on May 27, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $18 .Shares were Reiterated by Telsey Advisory Group on May 27, 2016 to “Market Perform” and Lowered the Price Target to $ 12 from a previous price target of $14 .

Chico’s FAS Inc. is a specialty retailer of women’s private branded casual-to-dressy clothing intimates complementary accessories and other non-clothing items operating under the Chico’s White House/Black Market (WH/BM) Soma Intimates (Soma) and Boston Proper brand names. The Chico’s brand sells designed private branded clothing focusing on women 40 and over. The WHBM brand offers feminine and alternative to designer fashion selling fashionable and clothing and accessory items primarily in black and white and related shades with seasonal color splashes. The Soma brand sells designed private branded lingerie loungewear and beauty products women who are 35 years old and over. The Boston Proper brand sells women’s apparel and accessories marketed to affluent women between 35-55 years old.

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