Chico’s FAS, Inc. (CHS) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Chico’s FAS, Inc. (NYSE:CHS) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,583,294 shares of the specialty retailer’s stock after purchasing an additional 15,987 shares during the quarter. Bank of New York Mellon Corp owned about 2.00% of Chico’s FAS worth $21,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Rhumbline Advisers lifted its stake in shares of Chico’s FAS by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 317,716 shares of the specialty retailer’s stock valued at $2,586,000 after purchasing an additional 6,101 shares during the period. Wedge Capital Management L L P NC raised its stake in Chico’s FAS by 15.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 46,620 shares of the specialty retailer’s stock worth $379,000 after buying an additional 6,402 shares during the period. New York State Common Retirement Fund raised its stake in Chico’s FAS by 7.5% during the 1st quarter. New York State Common Retirement Fund now owns 138,600 shares of the specialty retailer’s stock worth $1,253,000 after buying an additional 9,700 shares during the period. Swiss National Bank raised its stake in Chico’s FAS by 4.6% during the 1st quarter. Swiss National Bank now owns 225,200 shares of the specialty retailer’s stock worth $2,036,000 after buying an additional 10,000 shares during the period. Finally, Biechele Royce Advisors raised its stake in Chico’s FAS by 3.8% during the 2nd quarter. Biechele Royce Advisors now owns 331,240 shares of the specialty retailer’s stock worth $2,696,000 after buying an additional 12,155 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Shares of CHS opened at $8.55 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.15. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.42 and a beta of 0.72. Chico’s FAS, Inc. has a 52 week low of $7.07 and a 52 week high of $10.90.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, August 29th. The specialty retailer reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $544.72 million during the quarter, compared to analyst estimates of $541.02 million. Chico’s FAS had a return on equity of 11.79% and a net margin of 4.06%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. analysts expect that Chico’s FAS, Inc. will post 0.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 17th will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Friday, September 14th. Chico’s FAS’s dividend payout ratio is currently 50.00%.

A number of research firms recently weighed in on CHS. ValuEngine downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Zacks Investment Research downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. TheStreet downgraded Chico’s FAS from a “b-” rating to a “c” rating in a research note on Monday, July 2nd. Morgan Stanley dropped their price target on Chico’s FAS from $12.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Friday, June 1st. Finally, B. Riley dropped their price target on Chico’s FAS from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, May 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.05.

About Chico’s FAS

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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

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