State Treasurer State of Michigan increased its stake in Chico’s FAS, Inc. (NYSE:CHS) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,400 shares of the specialty retailer’s stock after buying an additional 900 shares during the period. State Treasurer State of Michigan’s holdings in Chico’s FAS were worth $503,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 473 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Chico’s FAS by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 4,080 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Accredited Investors Inc. bought a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Finally, Ronald Blue & Co. LLC bought a new stake in shares of Chico’s FAS during the first quarter valued at $147,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chico’s FAS, Inc. (CHS) traded down 5.22% on Thursday, reaching $8.53. The company had a trading volume of 1,374,944 shares. Chico’s FAS, Inc. has a one year low of $8.43 and a one year high of $16.85. The company has a 50-day moving average price of $9.01 and a 200-day moving average price of $11.88. The firm has a market cap of $1.08 billion, a P/E ratio of 11.90 and a beta of 0.66.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $583.70 million during the quarter, compared to the consensus estimate of $624.75 million. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 EPS. On average, analysts expect that Chico’s FAS, Inc. will post $0.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be issued a $0.0825 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a yield of 3.67%. Chico’s FAS’s dividend payout ratio is presently 46.48%.

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Several equities research analysts have weighed in on the company. Bank of America Corporation dropped their target price on Chico’s FAS from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Zacks Investment Research lowered Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. ValuEngine lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $11.00 target price on shares of Chico’s FAS in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.43.

In related news, Director Ross E. Roeder sold 10,000 shares of the company’s stock in a transaction dated 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 is available at this link. Also, Director Ross E. Roeder sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

About Chico’s FAS

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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