Chico’s FAS (NYSE:CHS) Shares Down 5.6%

Shares of Chico’s FAS, Inc. (NYSE:CHS) traded down 5.6% during trading on Friday . The company traded as low as $1.67 and last traded at $1.70. 1,540,408 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 2,413,633 shares. The stock had previously closed at $1.80.

Several research firms have recently issued reports on CHS. Zacks Investment Research lowered Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Thursday, November 12th. B. Riley lowered Chico’s FAS from a “buy” rating to a “neutral” rating and set a $1.50 target price for the company. in a research report on Tuesday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.21.

The company has a market cap of $203.82 million, a P/E ratio of -0.83 and a beta of 1.31. The company has a current ratio of 1.09, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $1.22 and a 200-day moving average price of $1.31.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, August 26th. The specialty retailer reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.14). The company had revenue of $306.20 million for the quarter, compared to the consensus estimate of $346.18 million. Chico’s FAS had a negative return on equity of 21.12% and a negative net margin of 14.87%. The company’s quarterly revenue was down 39.8% on a year-over-year basis. On average, sell-side analysts expect that Chico’s FAS, Inc. will post -0.64 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of CHS. BNP Paribas Arbitrage SA grew its holdings in Chico’s FAS by 105.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,767 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 18,832 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Chico’s FAS by 110.4% during the 3rd quarter. Guggenheim Capital LLC now owns 54,872 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 28,794 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Chico’s FAS by 69.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 55,500 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 22,740 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Chico’s FAS by 1,677.6% during the 1st quarter. Royal Bank of Canada now owns 48,065 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 45,361 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Chico’s FAS during the 3rd quarter worth $62,000. 78.59% of the stock is currently owned by institutional investors and hedge funds.

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), Soma, and TellTale brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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