StockNews.com Downgrades Chico’s FAS (NYSE:CHS) to Buy

StockNews.com downgraded shares of Chico’s FAS (NYSE:CHSGet Rating) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

Separately, B. Riley decreased their target price on Chico’s FAS from $6.00 to $5.00 in a research report on Wednesday, March 2nd.

Shares of Chico’s FAS stock opened at $5.24 on Tuesday. The stock has a market cap of $655.75 million, a PE ratio of 7.18 and a beta of 1.33. The business has a fifty day simple moving average of $5.08 and a 200-day simple moving average of $4.88. The company has a quick ratio of 0.38, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. Chico’s FAS has a 12 month low of $3.80 and a 12 month high of $7.29.

Chico’s FAS (NYSE:CHSGet Rating) last issued its earnings results on Tuesday, June 7th. The specialty retailer reported $0.28 EPS for the quarter, topping the consensus estimate of $0.10 by $0.18. Chico’s FAS had a return on equity of 43.27% and a net margin of 4.59%. During the same period in the previous year, the firm earned ($0.08) earnings per share. Analysts expect that Chico’s FAS will post 0.72 EPS for the current fiscal year.

In related news, insider Bonnie R. Brooks sold 100,000 shares of Chico’s FAS stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $5.57, for a total transaction of $557,000.00. Following the completion of the sale, the insider now owns 1,185,277 shares of the company’s stock, valued at $6,601,992.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. bought a new position in Chico’s FAS during the third quarter valued at about $205,000. Point72 Hong Kong Ltd raised its holdings in Chico’s FAS by 333.0% during the first quarter. Point72 Hong Kong Ltd now owns 8,309 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 6,390 shares in the last quarter. Mirabella Financial Services LLP bought a new position in Chico’s FAS during the first quarter valued at about $48,000. Commonwealth Equity Services LLC bought a new position in Chico’s FAS during the fourth quarter valued at about $67,000. Finally, PDT Partners LLC bought a new position in Chico’s FAS during the first quarter valued at about $61,000. 80.88% of the stock is owned by hedge funds and other institutional investors.

Chico’s FAS Company Profile (Get Rating)

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 brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

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