Sterling Capital Management LLC trimmed its holdings in Chico’s FAS, Inc. (NYSE:CHS) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,480,959 shares of the specialty retailer’s stock after selling 179,811 shares during the quarter. Sterling Capital Management LLC owned 1.97% of Chico’s FAS worth $23,371,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Chico’s FAS by 21.4% in the second quarter. Vanguard Group Inc. now owns 15,134,008 shares of the specialty retailer’s stock valued at $142,563,000 after purchasing an additional 2,671,543 shares during the last quarter. BlackRock Inc. boosted its holdings in Chico’s FAS by 21,451.3% in the first quarter. BlackRock Inc. now owns 13,414,812 shares of the specialty retailer’s stock valued at $190,490,000 after purchasing an additional 13,352,566 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Chico’s FAS by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 8,168,254 shares of the specialty retailer’s stock valued at $76,945,000 after purchasing an additional 562,990 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Chico’s FAS by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,333,568 shares of the specialty retailer’s stock valued at $69,082,000 after purchasing an additional 542,757 shares during the last quarter. Finally, State Street Corp boosted its holdings in Chico’s FAS by 5.3% in the second quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock valued at $48,417,000 after purchasing an additional 256,414 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/10/13/sterling-capital-management-llc-sells-179811-shares-of-chicos-fas-inc-chs.html.

CHS has been the topic of several recent research reports. BidaskClub lowered shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. KeyCorp reaffirmed a “hold” rating on shares of Chico’s FAS in a report on Wednesday. Jefferies Group LLC set a $11.00 price target on shares of Chico’s FAS and gave the company a “hold” rating in a report on Friday, August 18th. ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.08.

Chico’s FAS, Inc. (CHS) traded up 2.84% on Friday, hitting $7.61. 812,625 shares of the company traded hands. The stock’s 50-day moving average is $8.30 and its 200 day moving average is $10.08. Chico’s FAS, Inc. has a 12 month low of $6.96 and a 12 month high of $16.85. The stock has a market cap of $956.14 million, a PE ratio of 10.61 and a beta of 0.68.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The company had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. Equities research analysts expect that Chico’s FAS, Inc. will post $0.65 earnings per share for the current fiscal year.

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)

Receive News & Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.