According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “
Shares of CHS opened at $1.41 on Monday. The company’s fifty day moving average is $1.39 and its 200 day moving average is $1.92. Chico’s FAS has a fifty-two week low of $0.93 and a fifty-two week high of $5.14. The stock has a market capitalization of $169.78 million, a PE ratio of -0.84 and a beta of 1.09. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.50 and a current ratio of 1.12.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results on Wednesday, June 10th. The specialty retailer reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.13). Chico’s FAS had a negative return on equity of 10.53% and a negative net margin of 10.72%. The business had revenue of $280.26 million during the quarter, compared to the consensus estimate of $343.53 million. As a group, research analysts forecast that Chico’s FAS will post -0.64 earnings per share for the current year.
In other news, insider Molly Langenstein acquired 75,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were acquired at an average price of $1.33 per share, for a total transaction of $99,750.00. Also, CEO Bonnie R. Brooks acquired 77,176 shares of the business’s stock in a transaction on Friday, June 26th. The shares were purchased at an average price of $1.30 per share, for a total transaction of $100,328.80. Insiders purchased 186,176 shares of company stock worth $243,279 in the last 90 days. 1.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of CHS. ProShare Advisors LLC bought a new position in Chico’s FAS during the second quarter valued at $6,344,000. Norges Bank bought a new position in Chico’s FAS during the fourth quarter valued at $4,201,000. Assenagon Asset Management S.A. bought a new position in Chico’s FAS during the second quarter valued at $1,042,000. AQR Capital Management LLC increased its position in Chico’s FAS by 569.8% during the second quarter. AQR Capital Management LLC now owns 767,334 shares of the specialty retailer’s stock valued at $1,059,000 after acquiring an additional 652,771 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Chico’s FAS by 172.8% during the first quarter. JPMorgan Chase & Co. now owns 915,006 shares of the specialty retailer’s stock valued at $1,180,000 after acquiring an additional 579,611 shares during the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.
Chico’s FAS Company Profile
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 brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
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