Zurcher Kantonalbank Zurich Cantonalbank Sells 4,708 Shares of Chico’s FAS, Inc. (NYSE:CHS)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Chico’s FAS, Inc. (NYSE:CHS – Get Rating) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,111 shares of the specialty retailer’s stock after selling 4,708 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chico’s FAS were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CHS. Towle & Co lifted its stake in shares of Chico’s FAS by 1.2% during the third quarter. Towle & Co now owns 138,700 shares of the specialty retailer’s stock worth $671,000 after buying an additional 1,660 shares during the period. Metropolitan Life Insurance Co NY increased its stake in shares of Chico’s FAS by 33.2% during the third quarter. Metropolitan Life Insurance Co NY now owns 7,558 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 1,885 shares in the last quarter. Sei Investments Co. grew its stake in Chico’s FAS by 20.6% during the 1st quarter. Sei Investments Co. now owns 14,093 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 2,404 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Chico’s FAS by 8.7% in the 1st quarter. Bank of Montreal Can now owns 34,843 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 2,784 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Chico’s FAS by 26.8% in the 4th quarter. National Bank of Canada FI now owns 14,294 shares of the specialty retailer’s stock valued at $70,000 after buying an additional 3,017 shares during the period. 88.59% of the stock is owned by hedge funds and other institutional investors.

Chico’s FAS Price Performance

Chico’s FAS stock opened at $5.06 on Wednesday. The company has a market cap of $632.85 million, a price-to-earnings ratio of 5.75 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.53 and a current ratio of 1.14. Chico’s FAS, Inc. has a 1 year low of $3.80 and a 1 year high of $7.30. The firm has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.47.

Chico’s FAS (NYSE:CHS – Get Rating) last posted its earnings results on Tuesday, February 28th. The specialty retailer reported $0.06 EPS for the quarter. The business had revenue of $524.05 million for the quarter, compared to analysts’ expectations of $512.00 million. Chico’s FAS had a net margin of 5.09% and a return on equity of 36.01%. Sell-side analysts predict that Chico’s FAS, Inc. will post 0.83 earnings per share for the current year.

Insider Activity

In related news, Director Bonnie R. Brooks sold 69,600 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $6.28, for a total transaction of $437,088.00. Following the transaction, the director now directly owns 704,640 shares of the company’s stock, valued at $4,425,139.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Bonnie R. Brooks sold 30,400 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $6.15, for a total value of $186,960.00. Following the completion of the sale, the director now owns 774,240 shares of the company’s stock, valued at $4,761,576. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bonnie R. Brooks sold 69,600 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $6.28, for a total transaction of $437,088.00. Following the sale, the director now directly owns 704,640 shares of the company’s stock, valued at $4,425,139.20. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CHS shares. B. Riley restated a “buy” rating on shares of Chico’s FAS in a report on Thursday, April 13th. StockNews.com assumed coverage on shares of Chico’s FAS in a research note on Thursday, March 16th. They issued a “buy” rating for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price objective on shares of Chico’s FAS in a research note on Tuesday, April 11th.

About Chico’s FAS

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Chico’s FAS, Inc engages in the retail of women’s private branded, sophisticated, casual-to-dressy apparel, intimates, and complementary accessories. It operates through the following segments: Chico’s, White House Black Market, and Soma. The Chico’s segment sells exclusively designed, private branded clothing focusing on women with moderate-to-high household income levels.