State of Tennessee Treasury Department Buys New Stake in Chico’s FAS, Inc. (CHS)

State of Tennessee Treasury Department bought a new stake in shares of Chico’s FAS, Inc. (NYSE:CHS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 115,206 shares of the specialty retailer’s stock, valued at approximately $1,031,000. State of Tennessee Treasury Department owned approximately 0.09% of Chico’s FAS at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its position in shares of Chico’s FAS by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock valued at $1,219,000 after purchasing an additional 413 shares in the last quarter. Comerica Bank boosted its position in shares of Chico’s FAS by 0.5% during the 2nd quarter. Comerica Bank now owns 101,736 shares of the specialty retailer’s stock valued at $874,000 after purchasing an additional 507 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Chico’s FAS by 2.8% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 22,894 shares of the specialty retailer’s stock valued at $245,000 after purchasing an additional 628 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Chico’s FAS by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 90,433 shares of the specialty retailer’s stock valued at $852,000 after purchasing an additional 688 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Chico’s FAS by 4.1% during the 2nd quarter. Amalgamated Bank now owns 18,696 shares of the specialty retailer’s stock valued at $176,000 after purchasing an additional 735 shares in the last quarter.

Several equities research analysts recently commented on CHS shares. BidaskClub upgraded Chico’s FAS from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada restated a “buy” rating and set a $12.00 target price on shares of Chico’s FAS in a research report on Thursday, August 17th. Jefferies Group LLC set a $11.00 target price on Chico’s FAS and gave the company a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research lowered Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, FBR & Co reiterated a “buy” rating and issued a $14.00 price target (down previously from $16.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.91.

Chico’s FAS, Inc. (NYSE:CHS) opened at $8.40 on Friday. The stock has a market capitalization of $1,073.56, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. Chico’s FAS, Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $16.85.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $532.30 million for the quarter, compared to analyst estimates of $534.77 million. Chico’s FAS had a return on equity of 13.98% and a net margin of 3.77%. The company’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. equities analysts expect that Chico’s FAS, Inc. will post 0.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a $0.0825 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.93%. Chico’s FAS’s payout ratio is currently 49.25%.

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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.

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

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