Published on 18 Oct 2023 on Insider Monkey via Yahoo Finance
Chico’s FAS (CHS) Stock Rose Up to 40% in Q3
Miller Value Partners, an investment management company, released its “Deep Value Select Strategy” third-quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, Strategy returned +15.50% net-of-fees ahead of the S&P 1500 Value Index -4.20% return. Year to date through September 30, 2023, the fund returned +8.56% (net of fees) compared to +6.98% return for the index. Most of the strategy’s investments participated in the stronger quarter. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Miller Value Deep Value Select Strategy highlighted stocks like Chico’s FAS, Inc. (NYSE:CHS) in the third quarter 2023 investor letter. Headquartered in Fort Myers, Florida, Chico’s FAS, Inc. (NYSE:CHS) omnichannel specialty retailer of women's private branded, sophisticated, casual-to-dressy apparel, intimates, and complementary accessories. On October 17, 2023, Chico’s FAS, Inc. (NYSE:CHS) stock closed at $7.48 per share. One-month return of Chico’s FAS, Inc. (NYSE:CHS) was 66.59%, and its shares gained 47.24% of their value over the last 52 weeks. Chico’s FAS, Inc. (NYSE:CHS) has a market capitalization of $923.473 million.
Miller Value Deep Value Select Strategy made the following comment about Chico’s FAS, Inc. (NYSE:CHS) in its Q3 2023 investor letter: