IndexIQ Advisors LLC raised its stake in Chico’s FAS, Inc. (NYSE:CHS) by 83.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,037 shares of the specialty retailer’s stock after acquiring an additional 27,710 shares during the quarter. IndexIQ Advisors LLC’s holdings in Chico’s FAS were worth $546,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in shares of Chico’s FAS by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 473 shares in the last quarter. Parkwood LLC acquired a new position in shares of Chico’s FAS during the 2nd quarter worth approximately $102,000. Flinton Capital Management LLC grew its position in shares of Chico’s FAS by 85.7% during the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 6,356 shares in the last quarter. UBS Group AG grew its position in shares of Chico’s FAS by 6.2% during the 1st quarter. UBS Group AG now owns 13,845 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 808 shares in the last quarter. Finally, Welch & Forbes LLC acquired a new position in shares of Chico’s FAS during the 2nd quarter worth approximately $133,000.

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Shares of Chico’s FAS, Inc. (NYSE CHS) opened at $7.47 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chico’s FAS, Inc. has a 12-month low of $6.96 and a 12-month high of $16.85. The firm has a market cap of $1,029.08, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.13 and a beta of 0.69.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company had revenue of $578.60 million during the quarter, compared to the consensus estimate of $578.58 million. During the same quarter last year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. equities research analysts expect that Chico’s FAS, Inc. will post 0.63 earnings per share for the current fiscal year.

A number of research analysts have issued reports on CHS shares. Citigroup Inc. restated a “buy” rating and set a $10.00 target price (down previously from $13.00) on shares of Chico’s FAS in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $12.00 price target on shares of Chico’s FAS in a research report on Thursday, August 17th. FBR & Co reiterated a “buy” rating and set a $14.00 price target (down previously from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. SunTrust Banks, Inc. set a $12.00 price target on shares of Chico’s FAS and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, B. Riley restated a “buy” rating on shares of Chico’s FAS in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.69.

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.

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

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