Chico’s FAS (NYSE:CHS) Cut to C at TheStreet

TheStreet downgraded shares of Chico’s FAS (NYSE:CHSGet Rating) from a b- rating to a c rating in a research report released on Tuesday morning, TheStreetRatingsTable reports.

Other equities research analysts have also recently issued research reports about the company. Telsey Advisory Group boosted their price objective on Chico’s FAS from $6.00 to $7.00 and gave the stock a market perform rating in a report on Thursday, September 1st. StockNews.com initiated coverage on shares of Chico’s FAS in a research report on Wednesday, October 12th. They issued a buy rating for the company.

Chico’s FAS Trading Down 4.5 %

Shares of NYSE:CHS opened at $6.11 on Tuesday. Chico’s FAS has a 12-month low of $3.80 and a 12-month high of $7.30. The stock has a market cap of $764.61 million, a PE ratio of 6.71 and a beta of 1.22. The business has a 50 day moving average of $5.59 and a 200-day moving average of $5.48. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 0.21.

Chico’s FAS (NYSE:CHSGet Rating) last issued its quarterly earnings data on Wednesday, August 31st. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. Chico’s FAS had a return on equity of 40.94% and a net margin of 5.31%. The company had revenue of $558.72 million during the quarter, compared to analysts’ expectations of $543.90 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, equities research analysts forecast that Chico’s FAS will post 0.91 earnings per share for the current year.

Insider Activity

In other news, Director Bonnie R. Brooks sold 100,000 shares of Chico’s FAS stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $5.02, for a total value of $502,000.00. Following the completion of the sale, the director now directly owns 992,527 shares in the company, valued at $4,982,485.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in Chico’s FAS during the second quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC raised its position in Chico’s FAS by 109.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,649 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 3,475 shares in the last quarter. Metropolitan Life Insurance Co NY raised its position in Chico’s FAS by 33.2% during the third quarter. Metropolitan Life Insurance Co NY now owns 7,558 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 1,885 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Chico’s FAS during the third quarter valued at approximately $40,000. Finally, Sei Investments Co. raised its position in Chico’s FAS by 20.6% during the first quarter. Sei Investments Co. now owns 14,093 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 2,404 shares in the last quarter. 83.94% of the stock is currently owned by institutional investors and hedge funds.

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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