BlackRock Inc. Sells 587,986 Shares of Chico’s FAS, Inc. (NYSE:CHS)

BlackRock Inc. decreased its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,182,310 shares of the specialty retailer’s stock after selling 587,986 shares during the period. BlackRock Inc. owned about 0.16% of Chico’s FAS worth $126,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC lifted its stake in Chico’s FAS by 7.4% during the first quarter. Geode Capital Management LLC now owns 1,920,726 shares of the specialty retailer’s stock worth $6,357,000 after purchasing an additional 133,152 shares during the period. Barington Capital Group L.P. increased its holdings in shares of Chico’s FAS by 79.6% during the first quarter. Barington Capital Group L.P. now owns 1,661,505 shares of the specialty retailer’s stock worth $5,500,000 after buying an additional 736,505 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Chico’s FAS during the first quarter worth approximately $4,426,000. Principal Financial Group Inc. increased its holdings in shares of Chico’s FAS by 2.0% during the first quarter. Principal Financial Group Inc. now owns 925,858 shares of the specialty retailer’s stock worth $3,065,000 after buying an additional 17,863 shares in the last quarter. Finally, Edgestream Partners L.P. increased its holdings in shares of Chico’s FAS by 6.6% during the second quarter. Edgestream Partners L.P. now owns 645,005 shares of the specialty retailer’s stock worth $4,244,000 after buying an additional 40,131 shares in the last quarter. Hedge funds and other institutional investors own 77.25% of the company’s stock.

Shares of Chico’s FAS stock opened at $4.64 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.05 and a quick ratio of 0.56. The firm has a market cap of $568.24 million, a P/E ratio of -4.50 and a beta of 1.53. The firm has a 50 day simple moving average of $5.24 and a 200 day simple moving average of $4.94. Chico’s FAS, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $7.29.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Monday, August 30th. The specialty retailer reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. The business had revenue of $472.06 million during the quarter, compared to analyst estimates of $407.35 million. Chico’s FAS had a negative net margin of 7.37% and a negative return on equity of 40.13%. On average, sell-side analysts expect that Chico’s FAS, Inc. will post 0.17 EPS for the current year.

Separately, Zacks Investment Research raised shares of Chico’s FAS from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Thursday, September 2nd.

About Chico’s FAS

Chico’s FAS, Inc engages in the retail of women’s private branded, sophisticated, casual-to-dressy apparel, intimates, and complementary accessories. The firm’s product portfolio consists of the following brands: Chico’s, Soma, and White House Black Market. It also operates boutiques, retail stores, and websites to sell the products.

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

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