Schwab Charles Investment Management Inc. Raises Position in Chico’s FAS, Inc. (CHS)

Schwab Charles Investment Management Inc. raised its stake in shares of Chico’s FAS, Inc. (NYSE:CHS) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 714,414 shares of the specialty retailer’s stock after buying an additional 38,490 shares during the period. Schwab Charles Investment Management Inc. owned about 0.57% of Chico’s FAS worth $10,145,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. OLD National Bancorp IN raised its position in Chico’s FAS by 0.5% in the first quarter. OLD National Bancorp IN now owns 49,189 shares of the specialty retailer’s stock worth $698,000 after buying an additional 237 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in Chico’s FAS by 0.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 58,215 shares of the specialty retailer’s stock worth $826,000 after buying an additional 461 shares in the last quarter. PNC Financial Services Group Inc. raised its position in 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 worth $109,000 after buying an additional 473 shares in the last quarter. State Treasurer State of Michigan raised its position in Chico’s FAS by 1.0% in the first quarter. State Treasurer State of Michigan now owns 52,500 shares of the specialty retailer’s stock worth $746,000 after buying an additional 500 shares in the last quarter. Finally, Advantus Capital Management Inc raised its position in Chico’s FAS by 3.7% in the first quarter. Advantus Capital Management Inc now owns 16,543 shares of the specialty retailer’s stock worth $235,000 after buying an additional 583 shares in the last quarter.

Chico’s FAS, Inc. (CHS) traded down 0.64% during mid-day trading on Friday, reaching $7.82. 2,808,844 shares of the company were exchanged. Chico’s FAS, Inc. has a 12-month low of $7.72 and a 12-month high of $16.85. The company’s 50 day moving average price is $8.81 and its 200-day moving average price is $11.63. The stock has a market capitalization of $985.71 million, a price-to-earnings ratio of 10.91 and a beta of 0.66.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a $0.0825 dividend. This represents a $0.33 annualized dividend and a yield of 4.22%. The ex-dividend date is Friday, September 8th. Chico’s FAS’s dividend payout ratio (DPR) is 46.48%.

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A number of research firms have weighed in on CHS. Bank of America Corporation cut their target price on shares of Chico’s FAS from $16.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, May 25th. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. BidaskClub upgraded shares of Chico’s FAS from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $11.00 price objective on shares of Chico’s FAS in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.43.

In other Chico’s FAS news, Director Ross E. Roeder sold 5,000 shares of Chico’s FAS 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ross E. Roeder sold 10,000 shares of Chico’s FAS stock in a transaction dated 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. 3.00% of the stock is owned by insiders.

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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