Chico’s FAS, Inc. (NYSE:CHS – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 8,720,000 shares, an increase of 12.1% from the October 15th total of 7,780,000 shares. Currently, 7.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,230,000 shares, the short-interest ratio is presently 2.7 days.
Chico’s FAS Trading Up 0.8 %
CHS stock traded up $0.06 during midday trading on Friday, reaching $7.52. 5,010,876 shares of the company traded hands, compared to its average volume of 2,364,157. The firm has a market capitalization of $928.27 million, a price-to-earnings ratio of 7.03 and a beta of 1.08. Chico’s FAS has a 52-week low of $4.33 and a 52-week high of $7.54. The business has a 50 day moving average of $6.66 and a 200-day moving average of $5.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 1.21.
Chico’s FAS (NYSE:CHS – Get Free Report) last released its quarterly earnings results on Tuesday, August 29th. The specialty retailer reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Chico’s FAS had a return on equity of 29.62% and a net margin of 6.19%. The company had revenue of $545.13 million for the quarter, compared to analyst estimates of $554.90 million. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, sell-side analysts expect that Chico’s FAS will post 0.69 earnings per share for the current fiscal year.
Institutional Trading of Chico’s FAS
Analyst Ratings Changes
CHS has been the topic of a number of research analyst reports. StockNews.com began coverage on Chico’s FAS in a research report on Tuesday. They issued a “buy” rating on the stock. B. Riley downgraded Chico’s FAS from a “buy” rating to a “neutral” rating in a research report on Friday, September 29th. Finally, Telsey Advisory Group upped their price target on shares of Chico’s FAS from $6.00 to $7.60 and gave the company a “market perform” rating in a research note on Friday, September 29th.
About Chico’s FAS
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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