State of Tennessee Treasury Department Purchases 71,153 Shares of Chico’s FAS, Inc. (NYSE:CHS)

State of Tennessee Treasury Department raised its position in shares of Chico’s FAS, Inc. (NYSE:CHSGet Rating) by 104.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,214 shares of the specialty retailer’s stock after acquiring an additional 71,153 shares during the period. State of Tennessee Treasury Department owned approximately 0.11% of Chico’s FAS worth $669,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in Chico’s FAS by 64.9% during the first quarter. Pacer Advisors Inc. now owns 2,704,955 shares of the specialty retailer’s stock valued at $12,984,000 after acquiring an additional 1,064,575 shares during the period. Marshall Wace LLP raised its position in shares of Chico’s FAS by 1,469.5% during the fourth quarter. Marshall Wace LLP now owns 1,855,225 shares of the specialty retailer’s stock valued at $9,980,000 after buying an additional 1,737,018 shares during the last quarter. Smith Graham & Co. Investment Advisors LP raised its position in shares of Chico’s FAS by 17.9% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 848,530 shares of the specialty retailer’s stock valued at $4,073,000 after buying an additional 128,575 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Chico’s FAS by 68.1% during the first quarter. GSA Capital Partners LLP now owns 579,225 shares of the specialty retailer’s stock valued at $2,780,000 after buying an additional 234,713 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Chico’s FAS by 117.7% during the fourth quarter. American Century Companies Inc. now owns 384,417 shares of the specialty retailer’s stock valued at $2,068,000 after buying an additional 207,849 shares during the last quarter. 83.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CHS shares. StockNews.com raised shares of Chico’s FAS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 2nd. Telsey Advisory Group upped their price objective on shares of Chico’s FAS from $6.00 to $7.00 and gave the company a “market perform” rating in a research report on Thursday.

Chico’s FAS Stock Performance

NYSE:CHS opened at $5.59 on Friday. Chico’s FAS, Inc. has a 12-month low of $3.80 and a 12-month high of $7.19. The company has a quick ratio of 0.38, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $699.55 million, a PE ratio of 7.51 and a beta of 1.20. The firm has a 50-day moving average price of $5.71 and a 200 day moving average price of $5.18.

Chico’s FAS (NYSE:CHSGet Rating) last posted its quarterly earnings results on Wednesday, August 31st. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. Chico’s FAS had a net margin of 4.59% and a return on equity of 43.27%. During the same period last year, the firm earned $0.21 earnings per share. Research analysts anticipate that Chico’s FAS, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Bonnie R. Brooks sold 100,000 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $5.57, for a total value of $557,000.00. Following the completion of the transaction, the insider now owns 1,185,277 shares of the company’s stock, valued at $6,601,992.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

About Chico’s FAS

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Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM)and Soma brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

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

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