Investors Purchase High Volume of Put Options on Chico's FAS (CHS)
Chico's FAS (NYSE:CHS) was the recipient of unusually large options trading activity on Friday. Traders bought 2,478 put options on the stock, AmericanBankingNews.com reports. This is an increase of 323% compared to the average volume of 586 put 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Chico's FAS presently has an average rating of “Buy” and an average target price of $19.27.
Chico's FAS (NYSE:CHS) traded down 1.25% during mid-day trading on Friday, hitting $15.80. 2,784,796 shares of the company’s stock traded hands. 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 $15.90 and a 200-day moving average of $16.16. The company has a market cap of $2.349 billion and a price-to-earnings ratio of 61.07.
Chico's FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.27 earnings per share. Chico's FAS’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Chico's FAS will post $0.71 earnings per share 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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