OppenheimerFunds Inc. raised its stake in shares of Chico’s FAS, Inc. (NYSE:CHS) by 58.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,679 shares of the specialty retailer’s stock after buying an additional 19,486 shares during the period. OppenheimerFunds Inc.’s holdings in Chico’s FAS were worth $748,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CHS. Shufro Rose & Co. LLC increased its position in Chico’s FAS by 1.9% in the first quarter. Shufro Rose & Co. LLC now owns 194,350 shares of the specialty retailer’s stock valued at $2,760,000 after buying an additional 3,700 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Chico’s FAS by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,270 shares of the specialty retailer’s stock valued at $320,000 after buying an additional 1,520 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Chico’s FAS by 29.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,178 shares of the specialty retailer’s stock valued at $585,000 after buying an additional 9,354 shares in the last quarter. Ameriprise Financial Inc. increased its position in Chico’s FAS by 6.6% in the first quarter. Ameriprise Financial Inc. now owns 509,953 shares of the specialty retailer’s stock valued at $7,241,000 after buying an additional 31,379 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Chico’s FAS by 644.6% in the first quarter. Prudential Financial Inc. now owns 648,406 shares of the specialty retailer’s stock valued at $9,207,000 after buying an additional 561,320 shares in the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Chico’s FAS, Inc. (NYSE CHS) traded up 2.44% during mid-day trading on Friday, reaching $9.23. 1,170,932 shares of the company’s stock traded hands. The company has a 50-day moving average of $9.02 and a 200-day moving average of $12.05. Chico’s FAS, Inc. has a 52-week low of $8.44 and a 52-week high of $16.85. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 12.87 and a beta of 0.66.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 EPS for the quarter, missing the Zacks’ 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 company had revenue of $583.70 million for the quarter, compared to the consensus estimate of $624.75 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities research analysts expect that Chico’s FAS, Inc. will post $0.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be given a $0.0825 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.58%. Chico’s FAS’s payout ratio is presently 46.48%.

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CHS has been the subject of several recent research reports. 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. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Jefferies Group LLC set a $14.00 price objective on shares of Chico’s FAS and gave the company a “hold” rating in a research report on Thursday, May 4th. ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation reduced their price objective 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.43.

In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ross E. Roeder sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.50, for a total value of $47,500.00. The disclosure for this sale can be found here. 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.

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

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