Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
The top investor data is provided from their latest 13F’s (dated 2018-9-30). This week we’ll take a look at:
Chico’s FAS, Inc. (NYSE: CHS)
Chico’s FAS Inc (Chico’s) is an apparel retailer with a portfolio of private-label brands that sell women’s clothing and accessories. Brands include Chico’s, White House/Black Market, Soma Intimates, and Boston Proper. The brands generally target women over 35 years old with moderate to high income levels. The company sells direct to consumer through its retail stores, websites, and telephone call centers. All stores are leased and in North America. The company sources most of its product from foreign manufacturers and distributes all products from its distribution center in Georgia.
A quick look at the price chart below for Chico’s shows us that the stock is down 42% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 4.24 which means that it remains undervalued.
(SOURCE: GOOGLE FINANCE)
Superinvestors who currently hold positions in Chico’s include:
Jim Simons – 4,924,864 total shares
Cliff Asness – 1,459,432 total shares
John Hussman – 200,000 total shares
Ken Fisher – 146,965 total shares
Joel Greenblatt – 97,026 total shares
Lee Ainslie – 65,590 total shares
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