Hartford Investment Management Co. reduced its stake in Chico’s FAS, Inc. (NYSE:CHS) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,250 shares of the specialty retailer’s stock after selling 950 shares during the period. Hartford Investment Management Co.’s holdings in Chico’s FAS were worth $144,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CHS. Wells Fargo & Company MN increased its position in shares of Chico’s FAS by 4.9% in the first quarter. Wells Fargo & Company MN now owns 1,387,942 shares of the specialty retailer’s stock valued at $19,710,000 after buying an additional 65,451 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Chico’s FAS by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 46,345 shares of the specialty retailer’s stock valued at $658,000 after buying an additional 600 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Chico’s FAS during the first quarter valued at $2,955,000. Janney Montgomery Scott LLC increased its position in shares of Chico’s FAS by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 41,508 shares of the specialty retailer’s stock valued at $589,000 after buying an additional 3,711 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of Chico’s FAS by 4.1% in the first quarter. Nationwide Fund Advisors now owns 323,558 shares of the specialty retailer’s stock valued at $4,595,000 after buying an additional 12,842 shares during the period. Institutional investors own 95.55% of the company’s stock.

Shares of Chico’s FAS, Inc. (CHS) traded up 3.29% during midday trading on Tuesday, hitting $9.41. 620,353 shares of the stock were exchanged. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 13.12 and a beta of 0.66. The firm has a 50 day moving average of $9.02 and a 200-day moving average of $12.05. Chico’s FAS, Inc. has a one year low of $8.44 and a one year high of $16.85.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $624.75 million. During the same quarter last year, the company earned $0.25 EPS. Chico’s FAS’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities analysts expect that Chico’s FAS, Inc. will post $0.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.0825 per share. This represents a $0.33 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, September 8th. Chico’s FAS’s dividend payout ratio (DPR) is presently 46.48%.

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Several equities analysts recently weighed in on the stock. Jefferies Group LLC set a $14.00 price target on shares of Chico’s FAS and gave the stock a “hold” rating in a report on Thursday, May 4th. Royal Bank Of Canada set a $16.00 price target on shares of Chico’s FAS and gave the stock a “buy” rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Wolfe Research downgraded shares of Chico’s FAS from an “outperform” rating to a “market perform” rating in a report on Thursday, May 25th. Finally, Telsey Advisory Group cut their price target on shares of Chico’s FAS from $15.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Chico’s FAS has a consensus rating of “Hold” and a consensus price target of $13.43.

In related news, Director Ross E. Roeder sold 10,000 shares of the company’s stock in a transaction on 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 document filed with the SEC, which is available at this link. Also, Director Ross E. Roeder sold 5,000 shares of the company’s stock in a transaction on 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. 1.80% of the stock is owned by corporate insiders.

About Chico’s FAS

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.

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

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