Chico’s FAS (NYSE:CHS) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Chico’s FAS (NYSE:CHS) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the specialty retailer’s stock.

CHS has been the subject of several other research reports. B. Riley cut Chico’s FAS from a “buy” rating to a “neutral” rating in a report on Friday, September 29th. Telsey Advisory Group raised their target price on Chico’s FAS from $6.00 to $7.60 and gave the stock a “market perform” rating in a research note on Friday, September 29th.

Chico’s FAS Stock Performance

NYSE CHS opened at $7.49 on Monday. The company has a market cap of $924.55 million, a PE ratio of 7.00 and a beta of 1.08. The stock’s 50 day simple moving average is $6.20 and its 200-day simple moving average is $5.67. Chico’s FAS has a 1-year low of $4.33 and a 1-year high of $7.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 0.51.

Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, August 29th. The specialty retailer reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Chico’s FAS had a return on equity of 29.62% and a net margin of 6.19%. The business had revenue of $545.13 million for the quarter, compared to the consensus estimate of $554.90 million. During the same quarter last year, the business posted $0.34 earnings per share. As a group, equities research analysts anticipate that Chico’s FAS will post 0.69 EPS for the current fiscal year.

Institutional Trading of Chico’s FAS

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd increased its position in Chico’s FAS by 333.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 8,309 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 6,390 shares during the period. Tower Research Capital LLC TRC increased its position in Chico’s FAS by 54.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 8,655 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 3,067 shares during the period. Mirabella Financial Services LLP acquired a new position in Chico’s FAS in the 1st quarter valued at about $48,000. SYM FINANCIAL Corp acquired a new position in Chico’s FAS in the 3rd quarter valued at about $77,000. Finally, LPL Financial LLC acquired a new position in Chico’s FAS in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Chico’s FAS 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.