Chico’s FAS (NYSE:CHS) Trading Up 5.9%

Chico’s FAS, Inc. (NYSE:CHS) shares were up 5.9% during mid-day trading on Tuesday . The company traded as high as $3.39 and last traded at $3.23, approximately 2,027,114 shares were traded during mid-day trading. A decline of 36% from the average daily volume of 3,161,838 shares. The stock had previously closed at $3.05.

A number of equities analysts have issued reports on CHS shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 target price (down previously from $5.00) on shares of Chico’s FAS in a report on Wednesday, June 12th. B. Riley set a $6.00 target price on Chico’s FAS and gave the stock a “buy” rating in a report on Friday, May 17th. ValuEngine raised Chico’s FAS from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research raised Chico’s FAS from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Chico’s FAS currently has an average rating of “Hold” and an average target price of $5.06.

The company has a market capitalization of $383.90 million, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 27.02 and a beta of 0.27. The company’s 50 day moving average price is $3.25. The company has a current ratio of 1.09, a quick ratio of 0.51 and a debt-to-equity ratio of 1.25.



Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $517.70 million during the quarter, compared to analysts’ expectations of $517.61 million. Chico’s FAS had a return on equity of 3.34% and a net margin of 0.41%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, analysts expect that Chico’s FAS, Inc. will post 0.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.0875 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.35 annualized dividend and a dividend yield of 10.84%. Chico’s FAS’s payout ratio is 112.90%.

In related news, Director Kimberly Roy Tofalli purchased 14,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $3.62 per share, with a total value of $50,680.00. Following the completion of the purchase, the director now owns 21,238 shares in the company, valued at approximately $76,881.56. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders bought 23,100 shares of company stock valued at $82,741. Insiders own 1.80% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Chico’s FAS by 2.8% during the 2nd quarter. BlackRock Inc. now owns 18,343,864 shares of the specialty retailer’s stock valued at $61,818,000 after purchasing an additional 491,576 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Chico’s FAS by 7.8% during the 2nd quarter. Renaissance Technologies LLC now owns 6,785,100 shares of the specialty retailer’s stock valued at $22,866,000 after purchasing an additional 492,900 shares in the last quarter. Norges Bank bought a new stake in shares of Chico’s FAS during the 4th quarter valued at about $16,193,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Chico’s FAS by 0.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,595,320 shares of the specialty retailer’s stock valued at $8,747,000 after purchasing an additional 17,574 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Chico’s FAS by 21.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,976,703 shares of the specialty retailer’s stock valued at $8,441,000 after purchasing an additional 348,004 shares in the last quarter. 93.77% of the stock is owned by institutional investors.

Chico’s FAS Company Profile (NYSE:CHS)

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 brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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