Bonnie R. Brooks Sells 69,600 Shares of Chico’s FAS, Inc. (NYSE:CHS) Stock

Chico’s FAS, Inc. (NYSE:CHS – Get Rating) Director Bonnie R. Brooks sold 69,600 shares of the business’s stock in a transaction dated 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 owns 704,640 shares in the company, valued at $4,425,139.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Chico’s FAS Stock Down 7.1 %

NYSE:CHS opened at $5.85 on Friday. 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, Inc. has a 12-month low of $3.80 and a 12-month high of $7.30. The stock’s fifty day simple moving average is $5.32 and its 200-day simple moving average is $5.42. The firm has a market capitalization of $731.66 million, a P/E ratio of 6.65 and a beta of 1.23.

Institutional Investors Weigh In On Chico’s FAS

A number of institutional investors have recently made changes to their positions in CHS. Allspring Global Investments Holdings LLC grew its stake in shares of Chico’s FAS by 109.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,649 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 3,475 shares during the period. Metropolitan Life Insurance Co NY grew 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 during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Chico’s FAS during the third quarter worth $40,000. Sei Investments Co. grew its stake in shares of Chico’s FAS by 20.6% during the first quarter. Sei Investments Co. now owns 14,093 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 2,404 shares during the period. Finally, Mirabella Financial Services LLP acquired a new stake in shares of Chico’s FAS during the first quarter worth $48,000. 88.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TheStreet lowered shares of Chico’s FAS from a “b-” rating to a “c” rating in a research report on Tuesday, November 22nd. StockNews.com assumed coverage on shares of Chico’s FAS in a research report on Thursday. They set a “buy” rating on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 target price on shares of Chico’s FAS in a research report on Tuesday, February 28th.

Chico’s FAS Company Profile

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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.