Chico's FAS SVP Eric Singleton Sells 1,621 Shares (CHS)
Chico's FAS (NYSE:CHS) SVP Eric Singleton unloaded 1,621 shares of Chico's FAS stock on the open market in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $16.69, for a total transaction of $27,054.49. Following the sale, the senior vice president now directly owns 51,588 shares in the company, valued at approximately $861,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Chico's FAS (NYSE:CHS) traded down 0.68% during mid-day trading on Thursday, hitting $16.73. The stock had a trading volume of 3,622,573 shares. Chico's FAS has a 52 week low of $14.90 and a 52 week high of $19.84. The stock’s 50-day moving average is $15.76 and its 200-day moving average is $16.85. The company has a market cap of $2.484 billion and a P/E ratio of 48.54.
Chico's FAS (NYSE:CHS) last announced its 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. On average, analysts predict that Chico's FAS will post $0.85 earnings per share for the current fiscal year.
A number of research firms have recently commented on CHS. Analysts at Maxim Group cut their price target on shares of Chico's FAS from $21.00 to $19.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet downgraded shares of Chico's FAS from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $19.26.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.