Chico’s FAS, Inc. (NYSE:CHS) Shares Sold by Biechele Royce Advisors

Biechele Royce Advisors lessened its position in Chico’s FAS, Inc. (NYSE:CHS) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,108,686 shares of the specialty retailer’s stock after selling 132,172 shares during the period. Chico’s FAS makes up 3.0% of Biechele Royce Advisors’ portfolio, making the stock its 19th biggest position. Biechele Royce Advisors’ holdings in Chico’s FAS were worth $4,468,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new stake in shares of Chico’s FAS in the 2nd quarter worth about $25,000. Legacy Capital Partners Inc. acquired a new stake in shares of Chico’s FAS in the 2nd quarter worth about $34,000. Atria Investments LLC acquired a new stake in shares of Chico’s FAS in the 2nd quarter worth about $41,000. Mycio Wealth Partners LLC acquired a new stake in shares of Chico’s FAS in the 2nd quarter worth about $47,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of Chico’s FAS in the 2nd quarter worth about $60,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. MKM Partners set a $4.00 price objective on shares of Chico’s FAS and gave the stock a “hold” rating in a report on Thursday, August 29th. Morgan Stanley dropped their price objective on shares of Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Telsey Advisory Group dropped their price objective on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, August 29th. TheStreet cut shares of Chico’s FAS from a “c” rating to a “d+” rating in a report on Wednesday, August 28th. Finally, ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Chico’s FAS has a consensus rating of “Hold” and an average target price of $4.67.

Chico’s FAS stock opened at $3.38 on Friday. The stock has a market cap of $409.02 million, a price-to-earnings ratio of 115.67 and a beta of 0.29. The company has a current ratio of 1.08, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $3.61 and its two-hundred day moving average price is $3.50. Chico’s FAS, Inc. has a 52 week low of $2.33 and a 52 week high of $8.44.

About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

See Also: What are momentum indicators and what do they show?

Want to see what other hedge funds are holding CHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chico’s FAS, Inc. (NYSE:CHS).

Institutional Ownership by Quarter for Chico`s FAS (NYSE:CHS)

Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.