Chico’s FAS, Inc. (CHS) Sees Significant Decline in Short Interest
Chico’s FAS, Inc. (NYSE:CHS) was the recipient of a large decline in short interest in the month of October. As of October 13th, there was short interest totalling 14,480,965 shares, a decline of 19.4% from the September 29th total of 17,957,968 shares. Based on an average daily trading volume, of 2,589,077 shares, the days-to-cover ratio is currently 5.6 days. Approximately 11.6% of the shares of the company are short sold.
Large investors have recently added to or reduced their stakes in the company. Parkwood LLC bought a new stake in shares of Chico’s FAS during the second quarter worth about $102,000. PNC Financial Services Group Inc. grew its holdings in shares of Chico’s FAS by 6.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 473 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Chico’s FAS by 85.7% during the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 6,356 shares during the last quarter. Welch & Forbes LLC bought a new stake in shares of Chico’s FAS during the second quarter worth about $133,000. Finally, Koch Industries Inc. bought a new stake in shares of Chico’s FAS during the second quarter worth about $142,000.
Shares of Chico’s FAS (CHS) opened at 8.22 on Monday. Chico’s FAS has a 12-month low of $6.96 and a 12-month high of $16.85. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 11.46 and a beta of 0.68. The stock has a 50 day moving average of $8.25 and a 200 day moving average of $9.62.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The firm had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. On average, equities analysts expect that Chico’s FAS will post $0.64 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. Jefferies Group LLC set a $11.00 price target on shares of Chico’s FAS and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reissued a “buy” rating and issued a $12.00 price target on shares of Chico’s FAS in a report on Thursday, August 17th. KeyCorp reissued a “hold” rating on shares of Chico’s FAS in a report on Friday, September 1st. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub lowered shares of Chico’s FAS from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.69.
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Chico’s FAS Company Profile
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
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