Insider Selling: Kent A. Kleeberger Sells 5,000 Shares of Chico's FAS Stock (CHS)
Chico's FAS (NYSE:CHS) COO Kent A. Kleeberger sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $16.86, for a total value of $84,300.00. Following the completion of the sale, the chief operating officer now directly owns 221,053 shares of the company’s stock, valued at approximately $3,726,954. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CHS shares. 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.26.
Chico's FAS (NYSE:CHS) traded down 0.68% on Thursday, hitting $16.73. 3,622,573 shares of the company’s stock traded hands. 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 $15.76 and a 200-day moving average of $16.85. The company has a market cap of $2.484 billion and a price-to-earnings ratio of 48.54.
Chico's FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.32 earnings per share. Chico's FAS’s revenue was up 1.6% compared to the same quarter last year. 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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