Eaton Vance Management acquired a new position in Chico’s FAS, Inc. (NYSE:CHS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 217,806 shares of the specialty retailer’s stock, valued at approximately $2,052,000. Eaton Vance Management owned about 0.17% of Chico’s FAS as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CHS. Bank of Montreal Can grew its stake in shares of Chico’s FAS by 14.8% in the first quarter. Bank of Montreal Can now owns 22,098 shares of the specialty retailer’s stock worth $314,000 after purchasing an additional 2,853 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Chico’s FAS by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 46,345 shares of the specialty retailer’s stock worth $658,000 after purchasing an additional 600 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Chico’s FAS by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,387,942 shares of the specialty retailer’s stock worth $19,710,000 after purchasing an additional 65,451 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Chico’s FAS by 3.9% in the first quarter. Great West Life Assurance Co. Can now owns 79,215 shares of the specialty retailer’s stock worth $1,123,000 after purchasing an additional 2,952 shares during the last quarter. Finally, State Treasurer State of Michigan grew its stake in shares of Chico’s FAS by 1.0% in the first quarter. State Treasurer State of Michigan now owns 52,500 shares of the specialty retailer’s stock worth $746,000 after purchasing an additional 500 shares during the last quarter.

Shares of Chico’s FAS, Inc. (NYSE CHS) opened at 8.23 on Wednesday. Chico’s FAS, Inc. has a 12 month low of $6.96 and a 12 month high of $16.85. The firm’s 50-day moving average is $8.25 and its 200-day moving average is $10.69. The company has a market cap of $1.03 billion, a PE ratio of 11.48 and a beta of 0.63.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The firm had revenue of $578.60 million during the quarter, compared to analysts’ expectations of $578.58 million. During the same quarter in the previous year, the firm posted $0.25 EPS. Chico’s FAS’s revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts predict that Chico’s FAS, Inc. will post $0.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be given a $0.0825 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, September 8th. Chico’s FAS’s payout ratio is 45.83%.

Several analysts recently weighed in on CHS shares. Telsey Advisory Group boosted their price objective on shares of Chico’s FAS from $9.00 to $10.00 and gave the stock a “market perform” rating in a research note on Thursday, August 31st. BidaskClub cut shares of Chico’s FAS from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Deutsche Bank AG reduced their price objective on shares of Chico’s FAS from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th. KeyCorp reissued a “hold” rating on shares of Chico’s FAS in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price objective on shares of Chico’s FAS in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Chico’s FAS presently has a consensus rating of “Hold” and a consensus target price of $12.54.

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Chico’s FAS Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

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

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