Barington Capital Group buys $15,928,224 stake in Chico's FAS (CHS)

Chico's FAS (CHS) : Barington Capital Group scooped up 120,000 additional shares in Chico's FAS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,076,959 shares of Chico's FAS which is valued at $15,928,224.Chico's FAS makes up approximately 12.62% of Barington Capital Group’s portfolio.

Other Hedge Funds, Including , Menta Capital reduced its stake in CHS by selling 7,900 shares or 7.72% in the most recent quarter. The Hedge Fund company now holds 94,431 shares of CHS which is valued at $1,396,634. Chico's FAS makes up approx 0.13% of Menta Capital’s portfolio. Credit Agricole S A added CHS to its portfolio by purchasing 84,550 company shares during the most recent quarter which is valued at $1,115,215. Riverhead Capital Management added CHS to its portfolio by purchasing 5,100 company shares during the most recent quarter which is valued at $67,269.Td Asset Management Inc boosted its stake in CHS in the latest quarter, The investment management firm added 17,600 additional shares and now holds a total of 81,600 shares of Chico's FAS which is valued at $933,504.Wealthtrust-arizona boosted its stake in CHS in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 129 shares of Chico's FAS which is valued at $1,534.

Chico's FAS closed down -0.16 points or -1.11% at $14.3 with 29,93,343 shares getting traded on Monday. Post opening the session at $14.29, the shares hit an intraday low of $14.09 and an intraday high of $14.595 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Chico's FAS reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.22. The company had revenue of $637.73 million for the quarter, compared to analysts expectations of $632.45 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Chico's FAS. Chico's FAS was Downgraded by Nomura to ” Neutral” on Nov 16, 2016. Chico's FAS was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Nov 15, 2016. Wolfe Research Upgraded Chico's FAS on Nov 14, 2016 to ” Outperform”, Price Target of the shares are set at $16.

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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