Chico’s FAS Sees Unusually High Options Volume (CHS)
Chico’s FAS (NYSE:CHS) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 7,872 put options on the company, Stock Ratings News reports. This is an increase of approximately 828% compared to the typical daily volume of 848 put options.
A number of analysts have recently weighed in on CHS shares. Analysts at Jefferies Group upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $23.00 price target on the stock, up previously from $17.00. Separately, analysts at Zacks upgraded shares of Chico’s FAS from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a $19.10 price target on the stock. Finally, analysts at Mizuho initiated coverage on shares of Chico’s FAS in a research note to investors on Friday, November 15th. They set a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Chico’s FAS presently has an average rating of “Buy” and a consensus price target of $20.32.
Chico’s FAS (NYSE:CHS) opened at 19.37 on Friday. Chico’s FAS has a 1-year low of $15.27 and a 1-year high of $19.95. The stock’s 50-day moving average is $18.51 and its 200-day moving average is $17.06. The company has a market cap of $3.007 billion and a P/E ratio of 31.40.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.02. The company had revenue of $655.60 million for the quarter, compared to the consensus estimate of $662.70 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Chico’s FAS will post $0.98 EPS for the current fiscal year.
Chico’s FAS, Inc is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico’s, White House / Black Market (NYSE:CHS) and Soma Intimates (Soma) brand names.
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