Scotia Capital Inc. Sells 2,364 Shares of Chico’s FAS, Inc. (NYSE:CHS)

Scotia Capital Inc. decreased its position in Chico’s FAS, Inc. (NYSE:CHS – Get Rating) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,664 shares of the specialty retailer’s stock after selling 2,364 shares during the quarter. Scotia Capital Inc.’s holdings in Chico’s FAS were worth $97,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Towle & Co grew its holdings in shares of Chico’s FAS by 1.2% in the third quarter. Towle & Co now owns 138,700 shares of the specialty retailer’s stock valued at $671,000 after acquiring an additional 1,660 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in shares of Chico’s FAS by 33.2% in the third quarter. Metropolitan Life Insurance Co NY now owns 7,558 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 1,885 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Chico’s FAS by 17.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,698 shares of the specialty retailer’s stock valued at $67,000 after acquiring an additional 2,056 shares in the last quarter. Sei Investments Co. grew its position in Chico’s FAS by 20.6% during the first quarter. Sei Investments Co. now owns 14,093 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 2,404 shares during the period. Finally, ProShare Advisors LLC grew its position in Chico’s FAS by 14.8% during the fourth quarter. ProShare Advisors LLC now owns 19,404 shares of the specialty retailer’s stock valued at $95,000 after buying an additional 2,496 shares during the period. Institutional investors own 88.59% of the company’s stock.

Chico’s FAS Stock Performance

NYSE CHS opened at $4.90 on Monday. The company’s 50 day moving average is $5.32 and its 200-day moving average is $5.42. The firm has a market cap of $605.25 million, a P/E ratio of 5.57 and a beta of 1.20. Chico’s FAS, Inc. has a 12-month low of $3.80 and a 12-month high of $7.30. The company has a quick ratio of 0.53, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Chico’s FAS (NYSE:CHS – Get Rating) last issued 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 during the quarter, compared to the consensus estimate of $512.00 million. Chico’s FAS had a return on equity of 36.01% and a net margin of 5.09%. Sell-side analysts predict that Chico’s FAS, Inc. will post 0.83 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Bonnie R. Brooks sold 69,600 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 704,640 shares in the company, valued at approximately $4,425,139.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chico’s FAS news, Director Bonnie R. Brooks sold 69,600 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $6.28, for a total value of $437,088.00. Following the sale, the director now owns 704,640 shares of the company’s stock, valued at approximately $4,425,139.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bonnie R. Brooks sold 30,400 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $6.15, for a total value of $186,960.00. Following the transaction, the director now directly owns 774,240 shares of the company’s stock, valued at approximately $4,761,576. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of Chico’s FAS in a research report on Tuesday, April 11th. StockNews.com initiated coverage on Chico’s FAS in a report on Thursday. They set a “buy” rating for the company. Finally, B. Riley reissued a “buy” rating on shares of Chico’s FAS in a report on Thursday, April 13th.

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.