Gregory S. Baker Buys 8,500 Shares of Chico’s FAS, Inc. (NYSE:CHS) Stock

Chico’s FAS, Inc. (NYSE:CHS) SVP Gregory S. Baker acquired 8,500 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $1.26 per share, with a total value of $10,710.00. Following the acquisition, the senior vice president now owns 86,815 shares of the company’s stock, valued at $109,386.90. The purchase was disclosed in a document filed with the SEC, which is available through this link.

CHS stock opened at $1.33 on Wednesday. The company 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 50-day simple moving average of $1.42 and a 200 day simple moving average of $2.60. Chico’s FAS, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $5.14. The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 1.96.

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

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Chico’s FAS by 1,677.6% in the first quarter. Royal Bank of Canada now owns 48,065 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 45,361 shares during the period. State of Tennessee Treasury Department raised its position in Chico’s FAS by 132.6% in the first quarter. State of Tennessee Treasury Department now owns 162,624 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 92,719 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in Chico’s FAS by 48.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 31,787 shares of the specialty retailer’s stock worth $41,000 after acquiring an additional 10,420 shares in the last quarter. APG Asset Management N.V. bought a new stake in Chico’s FAS in the first quarter worth about $455,000. Finally, AQR Capital Management LLC raised its position in Chico’s FAS by 138.5% in the first quarter. AQR Capital Management LLC now owns 114,563 shares of the specialty retailer’s stock worth $148,000 after acquiring an additional 66,536 shares in the last quarter. 89.99% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. B. Riley reduced their price target on shares of Chico’s FAS from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Friday, June 19th. Finally, Morgan Stanley reduced their price target on shares of Chico’s FAS from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Thursday, March 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $3.76.

About Chico’s FAS

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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