Chico’s FAS, Inc. (CHS) Shares Sold by Hartford Investment Management Co.

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 Form 13F filing with the SEC. The firm 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.

Several other large investors also recently bought and sold shares of CHS. BlackRock Inc. boosted its stake 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 buying an additional 13,352,566 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Chico’s FAS by 25.2% in the first quarter. Vanguard Group Inc. now owns 12,462,465 shares of the specialty retailer’s stock worth $176,967,000 after buying an additional 2,511,021 shares during the period. Wellington Management Group LLP boosted its position in shares of Chico’s FAS by 37.4% in the first quarter. Wellington Management Group LLP now owns 8,743,445 shares of the specialty retailer’s stock worth $124,158,000 after buying an additional 2,379,362 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Chico’s FAS by 12.1% in the first quarter. JPMorgan Chase & Co. now owns 7,605,264 shares of the specialty retailer’s stock worth $107,994,000 after buying an additional 819,074 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Chico’s FAS by 13.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,790,811 shares of the specialty retailer’s stock worth $96,430,000 after buying an additional 804,660 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

Chico’s FAS, Inc. (NYSE CHS) traded up 3.29% during mid-day trading on Tuesday, reaching $9.41. 620,353 shares of the company’s stock were exchanged. The company’s 50-day moving average is $9.02 and its 200 day moving average is $12.05. Chico’s FAS, Inc. has a one year low of $8.44 and a one year high of $16.85. The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.12 and a beta of 0.66.

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. The firm had revenue of $583.70 million for the quarter, compared to analysts’ expectations of $624.75 million. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. Equities analysts predict that Chico’s FAS, Inc. will post $0.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be given 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 is Friday, September 8th. Chico’s FAS’s payout ratio is 46.48%.

COPYRIGHT VIOLATION NOTICE: “Chico’s FAS, Inc. (CHS) Shares Sold by Hartford Investment Management Co.” was posted by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/08/08/chicos-fas-inc-chs-shares-sold-by-hartford-investment-management-co.html.

CHS has been the subject of a number of recent research reports. BidaskClub cut shares of Chico’s FAS from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $16.00 price target on shares of Chico’s FAS and gave the company a “buy” rating in a research report on Tuesday, May 16th. Deutsche Bank AG lowered their price target on shares of Chico’s FAS from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, May 25th. Citigroup Inc. lowered their price target on shares of Chico’s FAS from $18.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Finally, Wolfe Research cut shares of Chico’s FAS from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.43.

In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $9.75, for a total transaction of $97,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ross E. Roeder sold 5,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $9.50, for a total transaction of $47,500.00. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.

Want to see what other hedge funds are holding CHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chico’s FAS, Inc. (NYSE:CHS).

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.

Latest News

Leave a Reply