Bank of New York Mellon Corp Has $33.42 Million Holdings in Chico’s FAS, Inc. (CHS)

Bank of New York Mellon Corp increased its holdings in Chico’s FAS, Inc. (NYSE:CHS) by 8.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,547,401 shares of the specialty retailer’s stock after purchasing an additional 270,838 shares during the quarter. Bank of New York Mellon Corp owned 2.81% of Chico’s FAS worth $33,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Chico’s FAS by 21,451.3% during the first quarter. BlackRock Inc. now owns 13,414,812 shares of the specialty retailer’s stock valued at $190,490,000 after acquiring an additional 13,352,566 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Chico’s FAS by 25.2% during the first quarter. Vanguard Group Inc. now owns 12,462,465 shares of the specialty retailer’s stock valued at $176,967,000 after acquiring an additional 2,511,021 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Chico’s FAS by 37.4% during the first quarter. Wellington Management Group LLP now owns 8,743,445 shares of the specialty retailer’s stock valued at $124,158,000 after acquiring an additional 2,379,362 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Chico’s FAS by 12.1% during the first quarter. JPMorgan Chase & Co. now owns 7,605,264 shares of the specialty retailer’s stock valued at $107,994,000 after acquiring an additional 819,074 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Chico’s FAS by 13.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,790,811 shares of the specialty retailer’s stock valued at $96,430,000 after acquiring an additional 804,660 shares during the last quarter.

CHS has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Chico’s FAS in a report on Thursday, August 31st. ValuEngine raised Chico’s FAS from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. FBR & Co reissued a “buy” rating and set a $14.00 target price (down previously from $16.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Citigroup Inc. reissued a “buy” rating and set a $10.00 target price (down previously from $13.00) on shares of Chico’s FAS in a report on Friday, September 1st. Finally, TheStreet cut Chico’s FAS from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Chico’s FAS has an average rating of “Hold” and a consensus target price of $12.54.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The business had revenue of $578.60 million during the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The company’s revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share.

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Chico’s FAS 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)

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