David F. Walker Acquires 10,000 Shares of Chico’s FAS, Inc. (NYSE:CHS) Stock

Chico’s FAS, Inc. (NYSE:CHS) Director David F. Walker purchased 10,000 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were purchased at an average cost of $1.24 per share, for a total transaction of $12,400.00. Following the completion of the purchase, the director now directly owns 188,543 shares in the company, valued at $233,793.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CHS opened at $1.33 on Wednesday. The company’s 50 day simple moving average is $1.42 and its 200 day simple moving average is $2.60. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.50 and a current ratio of 1.12. Chico’s FAS, Inc. has a 1 year low of $0.93 and a 1 year high of $5.14. The stock has a market capitalization of $162.62 million, a PE ratio of -0.79 and a beta of 1.11.

Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, June 10th. The specialty retailer reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.13). Chico’s FAS had a negative return on equity of 10.53% and a negative net margin of 10.72%. The company had revenue of $280.26 million during the quarter, compared to analyst estimates of $343.53 million. As a group, sell-side analysts expect that Chico’s FAS, Inc. will post -0.64 earnings per share for the current fiscal year.

Several research firms have issued reports on CHS. Morgan Stanley decreased their price target on shares of Chico’s FAS from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 19th. Zacks Investment Research cut shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. Finally, B. Riley decreased their price target on shares of Chico’s FAS from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.76.

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in Chico’s FAS by 1,677.6% during the first quarter. Royal Bank of Canada now owns 48,065 shares of the specialty retailer’s stock valued at $62,000 after buying an additional 45,361 shares in the last quarter. State of Tennessee Treasury Department lifted its position in Chico’s FAS by 132.6% during the first quarter. State of Tennessee Treasury Department now owns 162,624 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 92,719 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in Chico’s FAS by 48.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 31,787 shares of the specialty retailer’s stock valued at $41,000 after buying an additional 10,420 shares in the last quarter. APG Asset Management N.V. acquired a new position in Chico’s FAS during the first quarter valued at approximately $455,000. Finally, AQR Capital Management LLC raised its stake in shares of Chico’s FAS by 138.5% during the first quarter. AQR Capital Management LLC now owns 114,563 shares of the specialty retailer’s stock valued at $148,000 after purchasing an additional 66,536 shares during the period. 89.99% of the stock is currently owned by hedge funds and other institutional investors.

About Chico’s FAS

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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