Welch & Forbes LLC Takes Position in Chico’s FAS, Inc. (NYSE:CHS)

Welch & Forbes LLC bought a new position in Chico’s FAS, Inc. (NYSE:CHS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,100 shares of the specialty retailer’s stock, valued at approximately $133,000.

Several other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC increased its position in shares of Chico’s FAS by 21.8% in the fourth quarter. Guggenheim Capital LLC now owns 47,514 shares of the specialty retailer’s stock worth $684,000 after buying an additional 8,520 shares during the period. Thrivent Financial for Lutherans increased its position in shares of 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 worth $320,000 after buying an additional 1,520 shares during the period. Teachers Advisors LLC increased its position in shares of Chico’s FAS by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 928,578 shares of the specialty retailer’s stock worth $13,362,000 after buying an additional 29,589 shares during the period. Bank of Montreal Can increased its position in shares of Chico’s FAS by 14.8% in the first quarter. Bank of Montreal Can now owns 22,098 shares of the specialty retailer’s stock worth $314,000 after buying an additional 2,853 shares during the period. Finally, Alpha Windward LLC increased its position in shares of Chico’s FAS by 5.7% in the first quarter. Alpha Windward LLC now owns 34,320 shares of the specialty retailer’s stock worth $487,000 after buying an additional 1,860 shares during the period.

Shares of Chico’s FAS, Inc. (NYSE:CHS) traded down 0.64% on Friday, reaching $7.82. The company had a trading volume of 2,808,844 shares. Chico’s FAS, Inc. has a 52-week low of $7.72 and a 52-week high of $16.85. The company has a 50 day moving average price of $8.81 and a 200 day moving average price of $11.63. The stock has a market capitalization of $985.71 million, a PE ratio of 10.91 and a beta of 0.66.

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

The firm also recently declared 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. The ex-dividend date is Friday, September 8th. This represents a $0.33 annualized dividend and a yield of 4.22%. Chico’s FAS’s payout ratio is currently 46.48%.

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

In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of Chico’s FAS stock in a transaction on Monday, June 12th. The shares were sold at an average price of $9.75, for a total value of $97,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ross E. Roeder sold 5,000 shares of Chico’s FAS stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total transaction of $47,500.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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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