StockNews.com Initiates Coverage on Chico’s FAS (NYSE:CHS)

Analysts at StockNews.com initiated coverage on shares of Chico’s FAS (NYSE:CHS – Get Rating) in a report issued on Thursday. The brokerage set a “buy” rating on the specialty retailer’s stock.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price target on shares of Chico’s FAS in a report on Tuesday, February 28th. TheStreet downgraded Chico’s FAS from a “b-” rating to a “c” rating in a report on Tuesday, November 22nd.

Chico’s FAS Trading Down 0.3 %

NYSE CHS opened at $6.03 on Thursday. The company has a market cap of $754.17 million, a PE ratio of 6.85 and a beta of 1.23. The company has a current ratio of 1.14, a quick ratio of 0.53 and a debt-to-equity ratio of 0.15. Chico’s FAS has a 12 month low of $3.80 and a 12 month high of $7.30. The stock has a 50 day moving average of $5.25 and a 200-day moving average of $5.42.

Insider Buying and Selling at Chico’s FAS

In other Chico’s FAS news, Director Bonnie R. Brooks sold 30,400 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $6.15, for a total transaction of $186,960.00. Following the transaction, the director now owns 774,240 shares in the company, valued at approximately $4,761,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Chico’s FAS by 109.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,649 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 3,475 shares during the last quarter. Metropolitan Life Insurance Co NY grew its position in 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 during the last quarter. Point72 Hong Kong Ltd bought a new position in Chico’s FAS in the third quarter valued at about $40,000. Mirabella Financial Services LLP bought a new position in Chico’s FAS in the first quarter valued at about $48,000. Finally, LPL Financial LLC bought a new position in Chico’s FAS in the fourth quarter valued at about $54,000. Institutional investors own 88.59% of the company’s stock.

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. The firm’s product portfolio consists of the following brands: Chico’s, Soma, and White House Black Market. It also operates boutiques, retail stores, and websites to sell the products.