In yesterday’s Wall Street session, Chico’s FAS Inc. (NYSE:CHS) shares traded at $5.83, up 4.11% from the previous session.
2 analysts cover Chico’s FAS Inc. (NYSE:CHS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.25 and a low of $6.00, we find $7.63. Given the previous closing price of $5.60, this indicates a potential upside of 36.25 percent. CHS stock price is now 11.82% away from the 50-day moving average and 8.52% away from the 200-day moving average. The market capitalization of the company currently stands at $704.15M.
The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $7.63 as their price target over the next twelve months.
With the price target of $9.25, B. Riley Securities recently initiated with Buy rating for Chico’s FAS Inc. (NYSE: CHS).
In other news, Brooks Bonnie R., Director sold 69,600 shares of the company’s stock on Mar 16. The stock was sold for $437,088 at an average price of $6.28. Upon completion of the transaction, the Director now directly owns 704,640 shares in the company, valued at $4.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 10, Director Brooks Bonnie R. sold 30,400 shares of the business’s stock. A total of $186,960 was realized by selling the stock at an average price of $6.15. This leaves the insider owning 774,240 shares of the company worth $4.51 million. Insiders disposed of 922,985 shares of company stock worth roughly $5.38 million over the past 1 year. A total of 2.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHS stock. A new stake in Chico’s FAS Inc. shares was purchased by CENTERBOOK PARTNERS LP during the first quarter worth $6,936,000. ACUITAS INVESTMENTS, LLC invested $3,226,000 in shares of CHS during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Chico’s FAS Inc. valued at approximately $905,000. LIDO ADVISORS, LLC acquired a new stake in CHS for approximately $511,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in CHS valued at around $481,000 in the second quarter. In total, there are 304 active investors with 90.30% ownership of the company’s stock.
On Tuesday morning Chico’s FAS Inc. (NYSE: CHS) stock kicked off with the opening price of $5.61. During the past 12 months, Chico’s FAS Inc. has had a low of $4.33 and a high of $7.30. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 1.10, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $1.13B, which is based on a 6.38 price-to-earnings ratio, a 0.64 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for CHS is $5.23 and a two-hundred day moving average price translates $5.38 for the stock.
The latest earnings results from Chico’s FAS Inc. (NYSE: CHS) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.27 by 0.05. This compares to $0.28 EPS in the same period last year. The company reported revenue of $534.74 million for the quarter, compared to $540.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.14 percent. For the current quarter, analysts expect CHS to generate $554.9M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/30/2020. Investors who held shares on 03/16/2020 were paid a $0.09 dividend.
Chico’s FAS Inc.(CHS) 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 in the United States, Puerto Rico, Virgin Islands; and franchise locations in Mexico and domestic airports. The company 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. The WHBM brand sells everyday basics and denim, polished casual apparel, relaxed workwear, black and white pieces, feminine all-occasion dresses, shoes, belts, scarves, handbags, and jewelry for women. The Soma brand sells private branded lingerie, sleepwear, and loungewear products. It also sells its products through retail stores and catalogs; and through chicos.com, chicosofftherack.com, whbm.com, and soma.com, as well as through third party channels. The company was incorporated in 1983 and is headquartered in Fort Myers, Florida.
