Chico’s FAS, Inc. (NYSE:CHS – Get Free Report) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $5.12, but opened at $5.26. Chico’s FAS shares last traded at $5.48, with a volume of 427,694 shares changing hands.
The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Chico’s FAS had a net margin of 5.34% and a return on equity of 34.78%. The company had revenue of $545.13 million for the quarter, compared to the consensus estimate of $554.90 million. During the same period in the previous year, the firm posted $0.34 EPS.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on CHS. StockNews.com started coverage on shares of Chico’s FAS in a report on Thursday, August 17th. They set a “buy” rating for the company. TheStreet raised Chico’s FAS from a “c+” rating to a “b” rating in a research report on Tuesday, June 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of Chico’s FAS in a report on Tuesday, August 22nd.
Institutional Investors Weigh In On Chico’s FAS
A number of large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd increased its position in Chico’s FAS by 333.0% during the first quarter. Point72 Hong Kong Ltd now owns 8,309 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 6,390 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Chico’s FAS by 54.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 8,655 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 3,067 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Chico’s FAS during the 1st quarter worth approximately $48,000. LPL Financial LLC acquired a new position in Chico’s FAS in the fourth quarter valued at $54,000. Finally, Nomura Holdings Inc. purchased a new position in Chico’s FAS during the 1st quarter worth approximately $60,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.
Chico’s FAS Trading Down 2.1 %
The company has a debt-to-equity ratio of 1.10, a current ratio of 1.11 and a quick ratio of 0.43. The firm has a market capitalization of $625.94 million, a PE ratio of 5.51 and a beta of 1.25. The business’s 50-day moving average price is $5.58 and its 200-day moving average price is $5.42.
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 in the United States, Puerto Rico, Virgin Islands; and franchise locations in Mexico and domestic airports. The company operates under the Chico's, White House Black Market (WHBM), and Soma brands.
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