Chico’s FAS, Inc. (NYSE:CHS) Director Acquires $12,400.00 in Stock

Chico’s FAS, Inc. (NYSE:CHS) Director David F. Walker bought 10,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of $1.24 per share, for a total transaction of $12,400.00. Following the acquisition, the director now directly owns 188,543 shares in the company, valued at $233,793.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Chico’s FAS stock opened at $1.33 on Wednesday. The stock has a market capitalization of $162.62 million, a P/E ratio of -0.79 and a beta of 1.11. The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 1.96. The stock has a 50 day moving average price of $1.42 and a two-hundred day moving average price of $2.60. Chico’s FAS, Inc. has a 12-month low of $0.93 and a 12-month high of $5.14.

Chico’s FAS (NYSE:CHS) last announced its earnings results on Wednesday, June 10th. The specialty retailer reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.13). Chico’s FAS had a negative return on equity of 10.53% and a negative net margin of 10.72%. The company had revenue of $280.26 million for the quarter, compared to the consensus estimate of $343.53 million. Sell-side analysts anticipate that Chico’s FAS, Inc. will post -0.64 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Teza Capital Management LLC acquired a new position in shares of Chico’s FAS in the fourth quarter valued at $38,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Chico’s FAS in the fourth quarter valued at $53,000. ProShare Advisors LLC raised its stake in shares of Chico’s FAS by 17.2% in the fourth quarter. ProShare Advisors LLC now owns 19,086 shares of the specialty retailer’s stock valued at $73,000 after purchasing an additional 2,805 shares in the last quarter. Legacy Capital Partners Inc. raised its stake in shares of Chico’s FAS by 100.0% in the first quarter. Legacy Capital Partners Inc. now owns 20,000 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Chico’s FAS by 29.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,697 shares of the specialty retailer’s stock valued at $83,000 after purchasing an additional 4,933 shares in the last quarter. Institutional investors own 89.99% of the company’s stock.

A number of brokerages have recently weighed in on CHS. Morgan Stanley dropped their target price on Chico’s FAS from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Thursday, March 19th. Zacks Investment Research cut Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. Finally, B. Riley lowered their price target on Chico’s FAS from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Chico’s FAS presently has a consensus rating of “Hold” and a consensus target price of $3.76.

Chico’s FAS Company Profile

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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