New York State Teachers Retirement System Raises Stake in Chico’s FAS, Inc. (CHS)

New York State Teachers Retirement System increased its stake in shares of Chico’s FAS, Inc. (NYSE:CHS) by 4.3% during the first quarter, Holdings Channel reports. The institutional investor owned 301,665 shares of the specialty retailer’s stock after buying an additional 12,500 shares during the period. New York State Teachers Retirement System’s holdings in Chico’s FAS were worth $4,284,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased 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 during the period. TrimTabs Asset Management LLC increased 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 during the period. Engineers Gate Manager LP acquired a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Accredited Investors Inc. acquired a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Finally, Ronald Blue & Co. LLC acquired a new stake in shares of Chico’s FAS during the first quarter valued at $147,000. Institutional investors own 95.55% of the company’s stock.

Shares of Chico’s FAS, Inc. (NYSE:CHS) opened at 9.15 on Monday. Chico’s FAS, Inc. has a 12 month low of $8.44 and a 12 month high of $16.85. The firm has a market cap of $1.15 billion, a P/E ratio of 12.76 and a beta of 0.67. The company has a 50-day moving average of $9.97 and a 200-day moving average of $13.01.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $583.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. Equities analysts forecast that Chico’s FAS, Inc. will post $0.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a $0.0825 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, September 8th. Chico’s FAS’s dividend payout ratio is currently 46.48%.

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CHS has been the subject of several recent research reports. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 target price on shares of Chico’s FAS in a research note on Monday, April 3rd. Citigroup Inc. decreased their target price on shares of Chico’s FAS from $18.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. TheStreet upgraded shares of Chico’s FAS to a “buy” rating in a research note on Tuesday, March 21st. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Deutsche Bank AG decreased their target price on shares of Chico’s FAS from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.69.

In other news, Director Ross E. Roeder sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ross E. Roeder sold 10,000 shares of the company’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 transaction of $97,500.00. The disclosure for this sale can be found here. 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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