Alambic Investment Management L.P. decreased its holdings in shares of Chico’s FAS, Inc. (NYSE:CHS) by 91.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,700 shares of the specialty retailer’s stock after selling 152,200 shares during the quarter. Alambic Investment Management L.P.’s holdings in Chico’s FAS were worth $112,000 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 stock. Bridgewater Associates LP boosted its holdings in Chico’s FAS by 28.4% during the second quarter. Bridgewater Associates LP now owns 24,935 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 5,508 shares during the last quarter. Rhumbline Advisers boosted its holdings in Chico’s FAS by 2.0% during the second quarter. Rhumbline Advisers now owns 317,716 shares of the specialty retailer’s stock worth $2,586,000 after purchasing an additional 6,101 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Chico’s FAS by 35.0% during the second quarter. Flinton Capital Management LLC now owns 24,192 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 6,272 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Chico’s FAS by 15.9% during the second quarter. Wedge Capital Management L L P NC now owns 46,620 shares of the specialty retailer’s stock worth $379,000 after purchasing an additional 6,402 shares during the last quarter. Finally, Neuburgh Advisers LLC boosted its holdings in Chico’s FAS by 35.0% during the second quarter. Neuburgh Advisers LLC now owns 29,376 shares of the specialty retailer’s stock worth $239,000 after purchasing an additional 7,616 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Shares of CHS stock opened at $8.48 on Friday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.44 and a beta of 0.72. The company has a quick ratio of 1.15, a current ratio of 2.01 and a debt-to-equity ratio of 0.10. Chico’s FAS, Inc. has a one year low of $7.07 and a one year high of $10.90.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, August 29th. The specialty retailer reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $544.72 million during the quarter, compared to analysts’ expectations of $541.02 million. Chico’s FAS had a net margin of 4.06% and a return on equity of 11.79%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. equities research analysts predict that Chico’s FAS, Inc. will post 0.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, September 14th. Chico’s FAS’s dividend payout ratio is presently 50.00%.

A number of analysts have commented on the stock. TheStreet upgraded shares of Chico’s FAS from a “c+” rating to a “b-” rating in a research note on Monday, May 21st. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Monday, August 13th. B. Riley cut their price target on shares of Chico’s FAS from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 31st. SunTrust Banks cut their price target on shares of Chico’s FAS from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, May 31st. Finally, Morgan Stanley cut their price target on shares of Chico’s FAS from $12.00 to $7.50 and set an “equal weight” rating for the company in a research note on Friday, June 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.05.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

Further Reading: Price to Earnings Ratio (PE)

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

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