Insider Selling: Chico's FAS Director Unloads 1,000 Shares of Stock (CHS)
Chico's FAS (NYSE:CHS) Director Verna K. Gibson sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $15.37, for a total value of $15,370.00. Following the sale, the director now directly owns 264,177 shares in the company, valued at approximately $4,060,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CHS shares. Analysts at TheStreet downgraded shares of Chico's FAS from a “buy” rating to a “hold” rating in a research note on Tuesday. Separately, analysts at Zacks upgraded shares of Chico's FAS from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $16.10 price target on the stock. Finally, analysts at FBR Capital Markets upgraded shares of Chico's FAS from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $19.00 price target on the stock, up previously from $18.00. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Chico's FAS presently has an average rating of “Buy” and a consensus price target of $19.28.
Chico's FAS (NYSE:CHS) opened at 15.40 on Friday. Chico's FAS has a 52 week low of $14.90 and a 52 week high of $19.84. The stock has a 50-day moving average of $15.72 and a 200-day moving average of $16.91. The company has a market cap of $2.287 billion and a price-to-earnings ratio of 44.24.
Chico's FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. The company had revenue of $681.60 million for the quarter, compared to the consensus estimate of $681.42 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Chico's FAS will post $0.85 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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