Investors Buy Large Volume of Chico's FAS Call Options (CHS)
Shares of Chico's FAS (NYSE:CHS) saw unusually large options trading activity on Thursday. Investors bought 24,058 call options on the stock, ARN reports. This is an increase of approximately 1,223% compared to the typical volume of 1,818 call options.
CHS has been the subject of a number of recent research reports. Analysts at Telsey Advisory Group cut their price target on shares of Chico's FAS from $17.00 to $16.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, 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, June 10th. They now have a “buy” rating on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.27.
Shares of Chico's FAS (NYSE:CHS) traded up 4.64% during mid-day trading on Thursday, hitting $16.00. The stock had a trading volume of 7,127,961 shares. Chico's FAS has a 52-week low of $14.80 and a 52-week high of $19.84. The stock has a 50-day moving average of $15.92 and a 200-day moving average of $16.16. The company has a market cap of $2.376 billion and a P/E ratio of 44.06.
Chico's FAS (NYSE:CHS) last released its earnings data on Wednesday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.06. The company had revenue of $671.10 million for the quarter, compared to the consensus estimate of $677.91 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Chico's FAS will post $0.80 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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