Prudential Financial Inc. Has $6.05 Million Stake in Chico’s FAS, Inc. (CHS)

Prudential Financial Inc. trimmed its stake in shares of Chico’s FAS, Inc. (NYSE:CHS) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,466 shares of the specialty retailer’s stock after selling 5,940 shares during the quarter. Prudential Financial Inc. owned approximately 0.51% of Chico’s FAS worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of CHS. Bank of Montreal Can grew its stake in Chico’s FAS by 14.8% during the first quarter. Bank of Montreal Can now owns 22,098 shares of the specialty retailer’s stock worth $314,000 after purchasing an additional 2,853 shares during the period. Louisiana State Employees Retirement System grew its stake in Chico’s FAS by 2.2% during the first quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the specialty retailer’s stock worth $463,000 after purchasing an additional 700 shares during the period. Nationwide Fund Advisors grew its stake in Chico’s FAS by 4.1% during the first quarter. Nationwide Fund Advisors now owns 323,558 shares of the specialty retailer’s stock worth $4,595,000 after purchasing an additional 12,842 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Chico’s FAS by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 46,345 shares of the specialty retailer’s stock worth $658,000 after purchasing an additional 600 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Chico’s FAS by 4.9% during the first quarter. Wells Fargo & Company MN now owns 1,387,942 shares of the specialty retailer’s stock worth $19,710,000 after purchasing an additional 65,451 shares during the period.

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Shares of Chico’s FAS, Inc. (NYSE:CHS) opened at 8.31 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of 11.59 and a beta of 0.63. The firm has a 50-day moving average price of $8.30 and a 200-day moving average price of $10.82. Chico’s FAS, Inc. has a 52 week low of $6.96 and a 52 week high of $16.85.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $578.60 million during 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 business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. On average, equities research analysts predict that Chico’s FAS, Inc. will post $0.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be paid a $0.0825 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.33 annualized dividend and a dividend yield of 3.97%. Chico’s FAS’s payout ratio is currently 45.83%.

Several equities research analysts recently commented on CHS shares. Zacks Investment Research raised Chico’s FAS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “hold” rating and set a $8.00 target price (down previously from $11.00) on shares of Chico’s FAS in a research note on Thursday, August 31st. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Chico’s FAS in a research note on Thursday, August 31st. Finally, Jefferies Group LLC set a $11.00 target price on Chico’s FAS and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, eleven 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 a consensus target price of $12.54.

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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