StockNews.com Lowers Chico’s FAS (NYSE:CHS) to Buy

Posted by on Jun 21st, 2022

Chico’s FAS (NYSE:CHS – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, B. Riley cut their price objective on Chico’s FAS from $6.00 to $5.00 in a report on Wednesday, March 2nd.

Shares of Chico’s FAS stock opened at $5.50 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $5.06 and its two-hundred day moving average price is $4.88. Chico’s FAS has a 52 week low of $3.80 and a 52 week high of $7.29. The stock has a market cap of $688.29 million, a PE ratio of 7.53 and a beta of 1.33.

Chico’s FAS (NYSE:CHS – Get Rating) last posted its quarterly earnings data on Tuesday, June 7th. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.18. Chico’s FAS had a return on equity of 43.27% and a net margin of 4.59%. During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, equities analysts predict that Chico’s FAS will post 0.72 EPS for the current fiscal year.

In other Chico’s FAS news, insider Bonnie R. Brooks sold 100,000 shares of Chico’s FAS stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $5.12, for a total transaction of $512,000.00. Following the transaction, the insider now owns 1,285,277 shares of the company’s stock, valued at approximately $6,580,618.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CHS. Point72 Hong Kong Ltd grew its stake in shares of Chico’s FAS by 333.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 8,309 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 6,390 shares in the last quarter. Sei Investments Co. grew its stake in shares of Chico’s FAS by 20.6% in the 1st 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 in the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Chico’s FAS in the 1st quarter valued at approximately $48,000. Virtu Financial LLC bought a new stake in shares of Chico’s FAS in the 4th quarter valued at approximately $60,000. Finally, PDT Partners LLC bought a new stake in shares of Chico’s FAS in the 1st quarter valued at approximately $61,000. 80.88% of the stock is currently owned by institutional investors.

About Chico’s FAS (Get Rating)

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM)and Soma brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

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