Chico’s FAS (NYSE:CHS) Shares Up 7.5%

Chico’s FAS, Inc. (NYSE:CHS) shares shot up 7.5% during trading on Tuesday . The stock traded as high as $3.17 and last traded at $3.14, 1,962,063 shares changed hands during mid-day trading. A decline of 39% from the average session volume of 3,214,565 shares. The stock had previously closed at $2.92.

Several brokerages have commented on CHS. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price objective (down from $5.00) on shares of Chico’s FAS in a report on Wednesday, June 12th. B. Riley set a $6.00 target price on shares of Chico’s FAS and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Chico’s FAS presently has a consensus rating of “Hold” and a consensus target price of $5.06.

The company’s fifty day moving average is $3.28. The firm has a market cap of $344.40 million, a PE ratio of 10.13, a PEG ratio of 25.61 and a beta of 0.27. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 1.25.

Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, June 11th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Chico’s FAS had a net margin of 0.41% and a return on equity of 3.34%. The firm had revenue of $517.70 million during the quarter, compared to analyst estimates of $517.61 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was down 7.8% on a year-over-year basis. As a group, research analysts forecast that Chico’s FAS, Inc. will post 0.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.0875 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.35 dividend on an annualized basis and a yield of 11.15%. Chico’s FAS’s payout ratio is currently 112.90%.

In other news, Director Kimberly Roy Tofalli acquired 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average cost of $3.62 per share, for a total transaction of $50,680.00. Following the acquisition, the director now directly owns 21,238 shares in the company, valued at $76,881.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 23,100 shares of company stock valued at $82,741. 1.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its holdings in Chico’s FAS by 3.1% in the 1st quarter. Comerica Bank now owns 128,881 shares of the specialty retailer’s stock worth $516,000 after acquiring an additional 3,889 shares during the last quarter. Aperio Group LLC raised its holdings in Chico’s FAS by 2.9% in the 2nd quarter. Aperio Group LLC now owns 140,613 shares of the specialty retailer’s stock worth $474,000 after acquiring an additional 4,017 shares during the last quarter. Swiss National Bank raised its holdings in Chico’s FAS by 2.1% in the 2nd quarter. Swiss National Bank now owns 234,000 shares of the specialty retailer’s stock worth $789,000 after acquiring an additional 4,900 shares during the last quarter. Biechele Royce Advisors raised its holdings in Chico’s FAS by 0.5% in the 1st quarter. Biechele Royce Advisors now owns 1,250,881 shares of the specialty retailer’s stock worth $5,341,000 after acquiring an additional 5,987 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Chico’s FAS by 3.6% in the 2nd quarter. Arizona State Retirement System now owns 182,958 shares of the specialty retailer’s stock worth $617,000 after acquiring an additional 6,395 shares during the last quarter. Institutional investors own 99.93% of the company’s stock.

About Chico’s FAS (NYSE:CHS)

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.

See Also: Straddles

Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.