Chico’s FAS (NYSE:CHS) Downgraded to “C” at TheStreet

TheStreet cut shares of Chico’s FAS (NYSE:CHSGet Rating) from a b- rating to a c rating in a report released on Tuesday morning, TheStreetRatingsTable reports.

Other research analysts have also recently issued research reports about the stock. Telsey Advisory Group lifted their price objective on shares of Chico’s FAS from $6.00 to $7.00 and gave the company a market perform rating in a report on Thursday, September 1st. StockNews.com began coverage on shares of Chico’s FAS in a report on Wednesday, October 12th. They set a buy rating for the company.

Chico’s FAS Trading Down 4.5 %

Shares of CHS stock opened at $6.11 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 1.21. The stock has a market capitalization of $764.61 million, a P/E ratio of 6.71 and a beta of 1.22. The company has a 50 day moving average price of $5.57 and a 200 day moving average price of $5.47. Chico’s FAS has a fifty-two week low of $3.80 and a fifty-two week high of $7.30.

Chico’s FAS (NYSE:CHSGet Rating) last announced its quarterly earnings data on Wednesday, August 31st. The specialty retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The firm had revenue of $558.72 million during the quarter, compared to analysts’ expectations of $543.90 million. Chico’s FAS had a net margin of 5.31% and a return on equity of 40.94%. During the same quarter in the previous year, the business posted $0.21 earnings per share. Equities research analysts predict that Chico’s FAS will post 0.91 EPS for the current fiscal year.

Insider Activity

In other news, Director Bonnie R. Brooks sold 100,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $5.02, for a total value of $502,000.00. Following the completion of the transaction, the director now owns 992,527 shares in the company, valued at approximately $4,982,485.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in Chico’s FAS by 0.8% in the 3rd quarter. BlackRock Inc. now owns 20,334,520 shares of the specialty retailer’s stock valued at $98,420,000 after purchasing an additional 160,139 shares during the last quarter. Vanguard Group Inc. raised its position in Chico’s FAS by 9.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,151,107 shares of the specialty retailer’s stock valued at $44,292,000 after purchasing an additional 777,773 shares during the last quarter. State Street Corp raised its position in Chico’s FAS by 3.5% in the 2nd quarter. State Street Corp now owns 5,167,296 shares of the specialty retailer’s stock valued at $25,681,000 after purchasing an additional 174,982 shares during the last quarter. Neuberger Berman Group LLC raised its position in Chico’s FAS by 10.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,072,172 shares of the specialty retailer’s stock valued at $24,521,000 after purchasing an additional 490,854 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Chico’s FAS by 12.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,305,201 shares of the specialty retailer’s stock valued at $20,835,000 after purchasing an additional 487,364 shares during the last quarter. Institutional investors and hedge funds own 83.94% of the company’s stock.

About Chico’s FAS

(Get Rating)

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM)and Soma brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

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