State of Wisconsin Investment Board lowered its stake in shares of Chico’s FAS, Inc. (NYSE:CHS) by 7.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 551,665 shares of the specialty retailer’s stock after selling 46,300 shares during the period. State of Wisconsin Investment Board owned 0.44% of Chico’s FAS worth $5,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHS. Bank of Montreal Can boosted its position 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 valued at $314,000 after buying an additional 2,853 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Chico’s FAS by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the specialty retailer’s stock valued at $463,000 after buying an additional 700 shares in the last quarter. Hartford Investment Management Co. boosted its position in shares of Chico’s FAS by 35.0% in the first quarter. Hartford Investment Management Co. now owns 16,200 shares of the specialty retailer’s stock valued at $230,000 after buying an additional 4,200 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Chico’s FAS by 4.1% in the first quarter. Nationwide Fund Advisors now owns 323,558 shares of the specialty retailer’s stock valued at $4,595,000 after buying an additional 12,842 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Chico’s FAS by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 41,508 shares of the specialty retailer’s stock valued at $589,000 after buying an additional 3,711 shares in the last quarter.

Shares of Chico’s FAS, Inc. (CHS) opened at 7.68 on Friday. The stock has a 50 day moving average price of $8.49 and a 200-day moving average price of $11.26. The firm has a market capitalization of $968.06 million, a price-to-earnings ratio of 10.71 and a beta of 0.66. Chico’s FAS, Inc. has a 52 week low of $7.29 and a 52 week high of $16.85.

Chico’s FAS (NYSE:CHS) last issued its earnings results 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. The business had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. On average, analysts anticipate that Chico’s FAS, Inc. will post $0.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.0825 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, September 8th. Chico’s FAS’s dividend payout ratio (DPR) is 45.83%.

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Several research analysts recently weighed in on CHS shares. Jefferies Group LLC set a $14.00 price target on Chico’s FAS and gave the company a “hold” rating in a research report on Thursday, May 4th. Royal Bank Of Canada set a $16.00 price target on Chico’s FAS and gave the company a “buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research cut Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Telsey Advisory Group cut their price objective on Chico’s FAS from $15.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, May 25th. Finally, Wolfe Research cut Chico’s FAS from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.77.

In related news, Director Ross E. Roeder sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $9.75, for a total value of $97,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Chico’s FAS Company 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.

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

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