Chico’s FAS (NYSE:CHS) Stock Price Up 3.6%

Shares of Chico’s FAS, Inc. (NYSE:CHS) rose 3.6% on Monday . The stock traded as high as $3.10 and last traded at $3.18, approximately 45,930 shares traded hands during mid-day trading. A decline of 98% from the average daily volume of 1,853,784 shares. The stock had previously closed at $3.07.

CHS has been the subject of several recent research reports. 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. Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th. B. Riley set a $6.00 target price on Chico’s FAS and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.06.

The firm has a 50 day simple moving average of $3.22 and a 200-day simple moving average of $4.02. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 1.25. The company has a market cap of $370.33 million, a PE ratio of 10.26, a price-to-earnings-growth ratio of 24.82 and a beta of 0.27.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.0875 per share. The ex-dividend date is Friday, September 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 11.01%. Chico’s FAS’s payout ratio is 112.90%.

In other Chico’s FAS news, Director Kimberly Roy Tofalli purchased 14,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $3.62 per share, for a total transaction of $50,680.00. Following the completion of the purchase, the director now owns 21,238 shares of the company’s stock, valued at $76,881.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought 23,100 shares of company stock worth $82,741 in the last 90 days. Insiders own 1.80% of the company’s stock.

Several hedge funds have recently modified their holdings of CHS. Norges Bank purchased a new stake in shares of Chico’s FAS during the fourth quarter worth about $16,193,000. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Chico’s FAS by 87.4% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 1,817,385 shares of the specialty retailer’s stock worth $6,125,000 after purchasing an additional 847,605 shares during the period. Kennedy Capital Management Inc. lifted its holdings in shares of Chico’s FAS by 129.4% during the first quarter. Kennedy Capital Management Inc. now owns 931,003 shares of the specialty retailer’s stock worth $3,975,000 after purchasing an additional 525,157 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Chico’s FAS by 7.8% during the second quarter. Renaissance Technologies LLC now owns 6,785,100 shares of the specialty retailer’s stock worth $22,866,000 after purchasing an additional 492,900 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Chico’s FAS by 2.8% during the second quarter. BlackRock Inc. now owns 18,343,864 shares of the specialty retailer’s stock worth $61,818,000 after purchasing an additional 491,576 shares during the period. Institutional investors and hedge funds own 99.02% of the company’s stock.

Chico’s FAS Company Profile (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.

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