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

StockNews.com downgraded shares of Chico’s FAS (NYSE:CHSGet Rating) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

Separately, B. Riley reduced their target price on Chico’s FAS from $6.00 to $5.00 in a report on Wednesday, March 2nd.

Shares of CHS opened at $5.24 on Tuesday. The company has a market capitalization of $655.75 million, a P/E ratio of 7.18 and a beta of 1.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.38. Chico’s FAS has a one year low of $3.80 and a one year high of $7.29. The business’s 50 day simple moving average is $5.08 and its 200-day simple moving average is $4.88.

Chico’s FAS (NYSE:CHSGet Rating) last announced its earnings results on Tuesday, June 7th. The specialty retailer reported $0.28 EPS for the quarter, topping the consensus estimate of $0.10 by $0.18. Chico’s FAS had a return on equity of 43.27% and a net margin of 4.59%. During the same period in the prior year, the company posted ($0.08) EPS. On average, sell-side analysts anticipate that Chico’s FAS will post 0.72 EPS for the current fiscal year.

In related news, insider Bonnie R. Brooks sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $5.57, for a total value of $557,000.00. Following the completion of the transaction, the insider now owns 1,185,277 shares in the company, valued at approximately $6,601,992.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Chico’s FAS by 8.8% in the 1st quarter. Bank of America Corp DE now owns 358,351 shares of the specialty retailer’s stock worth $1,721,000 after purchasing an additional 28,842 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Chico’s FAS during the 1st quarter valued at $449,000. Neuberger Berman Group LLC raised its position in shares of Chico’s FAS by 16.3% during the 1st quarter. Neuberger Berman Group LLC now owns 4,180,927 shares of the specialty retailer’s stock valued at $20,066,000 after acquiring an additional 584,658 shares during the last quarter. Virtu Financial LLC raised its position in shares of Chico’s FAS by 695.2% during the 1st quarter. Virtu Financial LLC now owns 88,564 shares of the specialty retailer’s stock valued at $425,000 after acquiring an additional 77,427 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new stake in shares of Chico’s FAS during the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 80.88% of the company’s stock.

Chico’s FAS Company Profile (Get Rating)

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 brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

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