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

Chico’s FAS (NYSE:CHSGet Rating) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Tuesday, TheStreetRatingsTable reports.

Several other research firms also recently weighed in on CHS. Telsey Advisory Group increased their price objective on 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 assumed coverage on Chico’s FAS in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

Chico’s FAS Stock Performance

Shares of CHS opened at $6.11 on Tuesday. The company has a market capitalization of $764.61 million, a price-to-earnings ratio of 6.71 and a beta of 1.22. Chico’s FAS has a 52-week low of $3.80 and a 52-week high of $7.30. The stock has a 50 day moving average price of $5.57 and a 200 day moving average price of $5.47. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 0.21.

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

Insider Transactions at Chico’s FAS

In other Chico’s FAS news, Director Bonnie R. Brooks sold 100,000 shares of the stock in a transaction on Wednesday, September 21st. The stock was 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 $4,982,485.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CHS. Victory Capital Management Inc. raised its position in Chico’s FAS by 5.3% in the first quarter. Victory Capital Management Inc. now owns 285,508 shares of the specialty retailer’s stock worth $1,384,000 after acquiring an additional 14,246 shares in the last quarter. Aigen Investment Management LP increased its position in shares of Chico’s FAS by 81.4% in the first quarter. Aigen Investment Management LP now owns 140,306 shares of the specialty retailer’s stock valued at $673,000 after buying an additional 62,979 shares in the last quarter. Smith Graham & Co. Investment Advisors LP increased its position in shares of Chico’s FAS by 17.9% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 848,530 shares of the specialty retailer’s stock valued at $4,073,000 after buying an additional 128,575 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in shares of Chico’s FAS in the first quarter valued at $574,000. Finally, Profund Advisors LLC increased its position in shares of Chico’s FAS by 24.7% in the first quarter. Profund Advisors LLC now owns 16,964 shares of the specialty retailer’s stock valued at $81,000 after buying an additional 3,356 shares in the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.

Chico’s FAS Company Profile

(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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