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.
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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