Chico’s FAS (NYSE:CHS) Reaches New 52-Week High at $7.31

Chico’s FAS, Inc. (NYSE:CHSGet Rating) shares reached a new 52-week high on Monday . The company traded as high as $7.31 and last traded at $7.17, with a volume of 189543 shares. The stock had previously closed at $7.17.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHS shares. TheStreet raised shares of Chico’s FAS from a “c+” rating to a “b-” rating in a research note on Friday, September 2nd. StockNews.com assumed coverage on shares of Chico’s FAS in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Telsey Advisory Group upped their target price on shares of Chico’s FAS from $6.00 to $7.00 and gave the company a “market perform” rating in a research note on Thursday, September 1st.

Chico’s FAS Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.18 and a quick ratio of 0.48. The stock has a market cap of $800.92 million, a P/E ratio of 7.44 and a beta of 1.22. The company’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $5.47.

Chico’s FAS (NYSE:CHSGet Rating) last issued its earnings results on Wednesday, August 31st. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. Chico’s FAS had a net margin of 5.16% and a return on equity of 44.81%. The firm had revenue of $558.72 million during the quarter, compared to the consensus estimate of $543.90 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. As a group, equities analysts forecast that Chico’s FAS, Inc. will post 0.85 earnings per share for the current year.

Insider Transactions at Chico’s FAS

In other news, Director Bonnie R. Brooks sold 100,000 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $5.02, for a total transaction of $502,000.00. Following the completion of the sale, the director now owns 992,527 shares of the company’s stock, valued at $4,982,485.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Chico’s FAS

Several large investors have recently made changes to their positions in CHS. Victory Capital Management Inc. increased its position in shares of Chico’s FAS by 5.3% during the first quarter. Victory Capital Management Inc. now owns 285,508 shares of the specialty retailer’s stock worth $1,384,000 after acquiring an additional 14,246 shares in the last quarter. Aigen Investment Management LP boosted its holdings in Chico’s FAS by 81.4% during the first quarter. Aigen Investment Management LP now owns 140,306 shares of the specialty retailer’s stock worth $673,000 after purchasing an additional 62,979 shares during the last quarter. Smith Graham & Co. Investment Advisors LP boosted its holdings in Chico’s FAS by 17.9% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 848,530 shares of the specialty retailer’s stock worth $4,073,000 after purchasing an additional 128,575 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new position in Chico’s FAS during the first quarter worth $574,000. Finally, Profund Advisors LLC boosted its holdings in Chico’s FAS by 24.7% during the first quarter. Profund Advisors LLC now owns 16,964 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 3,356 shares during the last quarter. Institutional investors own 83.94% of the company’s stock.

About Chico’s FAS

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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.

Further Reading

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