Investment Management of Virginia LLC decreased its stake in Chico’s FAS Inc. (NYSE:CHS) by 39.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,060 shares of the company’s stock after selling 137,087 shares during the period. Investment Management of Virginia LLC owned about 0.16% of Chico’s FAS worth $2,488,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHS. Fuller & Thaler Asset Management Inc. acquired a new stake in Chico’s FAS during the second quarter valued at $100,000. Oakbrook Investments LLC boosted its stake in Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. Marshall Wace LLP acquired a new stake in Chico’s FAS during the second quarter valued at $117,000. Royal Bank of Canada boosted its stake in Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock valued at $121,000 after buying an additional 10,842 shares during the last quarter. Finally, Princeton Alpha Management LP acquired a new stake in Chico’s FAS during the second quarter valued at $142,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.

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

Shares of Chico’s FAS Inc. (NYSE:CHS) traded down 1.29% on Monday, reaching $15.33. The company had a trading volume of 2,233,813 shares. Chico’s FAS Inc. has a 12 month low of $9.61 and a 12 month high of $16.07. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 97.64 and a beta of 0.73. The stock has a 50 day moving average price of $12.85 and a 200-day moving average price of $11.87.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. Chico’s FAS had a return on equity of 16.24% and a net margin of 2.24%. The company had revenue of $596.90 million for the quarter, compared to analysts’ expectations of $610.83 million. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. Analysts forecast that Chico’s FAS Inc. will post $0.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is presently 76.19%.

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Several research analysts have commented on the company. Jefferies Group reaffirmed a “hold” rating on shares of Chico’s FAS in a research report on Monday, August 1st. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Chico’s FAS in a research report on Tuesday, November 22nd. MKM Partners lifted their price target on Chico’s FAS from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 23rd. Finally, FBR & Co reaffirmed an “outperform” rating and set a $17.00 price target on shares of Chico’s FAS in a research report on Saturday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.50.

Chico’s FAS Company Profile

Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.

5 Day Chart for NYSE:CHS

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