Chico’s FAS, Inc. (NYSE:CHS) Director Bonnie R. Brooks Sells 69,600 Shares

Chico’s FAS, Inc. (NYSE:CHS – Get Rating) Director Bonnie R. Brooks sold 69,600 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $6.28, for a total transaction of $437,088.00. Following the completion of the transaction, the director now owns 704,640 shares in the company, valued at approximately $4,425,139.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Chico’s FAS Stock Performance

NYSE CHS traded down $0.45 on Friday, reaching $5.85. 5,926,366 shares of the stock were exchanged, compared to its average volume of 2,573,321. Chico’s FAS, Inc. has a one year low of $3.80 and a one year high of $7.30. The firm has a market capitalization of $731.66 million, a PE ratio of 6.65 and a beta of 1.23. The company’s 50-day simple moving average is $5.32 and its two-hundred day simple moving average is $5.42. The company has a current ratio of 1.14, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Chico’s FAS

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Chico’s FAS by 0.8% during the 3rd quarter. BlackRock Inc. now owns 20,334,520 shares of the specialty retailer’s stock valued at $98,420,000 after buying an additional 160,139 shares in the last quarter. Vanguard Group Inc. grew its holdings in Chico’s FAS by 9.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,151,107 shares of the specialty retailer’s stock valued at $44,292,000 after buying an additional 777,773 shares in the last quarter. State Street Corp grew its holdings in Chico’s FAS by 3.5% during the 2nd quarter. State Street Corp now owns 5,167,296 shares of the specialty retailer’s stock valued at $25,681,000 after buying an additional 174,982 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Chico’s FAS by 10.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,072,172 shares of the specialty retailer’s stock valued at $24,521,000 after buying an additional 490,854 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its holdings in Chico’s FAS by 19.1% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 4,793,700 shares of the specialty retailer’s stock valued at $23,585,000 after buying an additional 768,600 shares in the last quarter. 88.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CHS shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price objective on shares of Chico’s FAS in a research note on Tuesday, February 28th. StockNews.com initiated coverage on shares of Chico’s FAS in a research note on Thursday. They set a “buy” rating on the stock. Finally, TheStreet cut shares of Chico’s FAS from a “b-” rating to a “c” rating in a research note on Tuesday, November 22nd.

About Chico’s FAS

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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.