The stock of Chico’s FAS, Inc. (NYSE:CHS) is a huge mover today! About 638,643 shares traded hands. Chico’s FAS, Inc. (NYSE:CHS) has declined 3.56% since March 8, 2016 and is downtrending. It has underperformed by 12.88% the S&P500.
The move comes after 8 months positive chart setup for the $1.63 billion company. It was reported on Oct, 11 by Barchart.com. We have $17.18 PT which if reached, will make NYSE:CHS worth $652.00M more.
Chico’s FAS, Inc. (NYSE:CHS) Ratings Coverage
Out of 15 analysts covering Chico’s FAS (NYSE:CHS), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. Chico’s FAS has been the topic of 25 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Mizuho maintained Chico’s FAS, Inc. (NYSE:CHS) on Wednesday, August 31 with “Buy” rating. As per Monday, March 7, the company rating was downgraded by Standpoint Research. The firm earned “Outperform” rating on Friday, May 27 by FBR Capital. The rating was initiated by Citigroup on Wednesday, October 7 with “Neutral”. As per Thursday, September 17, the company rating was initiated by M Partners. The firm earned “Neutral” rating on Friday, May 27 by Citigroup. As per Friday, May 27, the company rating was maintained by Telsey Advisory Group. The firm earned “Buy” rating on Wednesday, August 19 by Brean Capital. The stock has “Buy” rating given by Mizuho on Friday, May 27. Brean Capital maintained the stock with “Buy” rating in Wednesday, November 25 report.
According to Zacks Investment Research, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets.”
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.24, from 0.78 in 2016Q1. The ratio increased, as 31 funds sold all Chico’s FAS, Inc. shares owned while 65 reduced positions. 23 funds bought stakes while 75 increased positions. They now own 113.89 million shares or 7.72% less from 123.41 million shares in 2016Q1.
Panagora Asset Management Incorporated accumulated 0.08% or 1.44 million shares. Lucus Advsr Limited Liability Corporation owns 32,467 shares or 0.29% of their US portfolio. Alliancebernstein Lp holds 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS) for 248,178 shares. Mutual Of America Cap Ltd holds 98,121 shares or 0.02% of its portfolio. Carroll Fincl Assocs Inc holds 0% or 2,570 shares in its portfolio. Old National Comml Bank In holds 44,248 shares or 0.03% of its portfolio. Paloma Prns Mgmt reported 12,956 shares or 0% of all its holdings. Macquarie Gru Limited has invested 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Systematic Fin Mgmt Lp accumulated 0.02% or 164,757 shares. Point72 Asset Mngmt Ltd Partnership has 0.05% invested in the company for 658,100 shares. New York State Teachers Retirement accumulated 0.01% or 289,165 shares. M&T Bank & Trust Corporation has invested 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Pub Employees Retirement Association Of Colorado has invested 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Moreover, Penn Cap Co Inc has 0.09% invested in Chico’s FAS, Inc. (NYSE:CHS) for 142,060 shares. Millennium Management Ltd Liability Corp has invested 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS).
Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 1 sale for $253,354 net activity. The insider Murray Cynthia sold 20,000 shares worth $253,354.
More recent Chico’s FAS, Inc. (NYSE:CHS) news were published by: Prnewswire.com which released: “Chico’s FAS, Inc. Announces Appointment of Diane Ellis as President of its …” on October 07, 2016. Also Fool.com published the news titled: “Why Chico’s FAS, Inc. Stock Popped Today” on August 31, 2016. Prnewswire.com‘s news article titled: “Chico’s FAS, Inc. Appoints Susan Lanigan as Executive Vice President and …” with publication date: May 25, 2016 was also an interesting one.
CHS Company Profile
Chico’s FAS, Inc., incorporated on December 1, 1983, is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico. The Firm operates approximately 1,520 stores across over 50 states, Puerto Rico, the United States Virgin Islands and Canada, and sold merchandise through over 40 franchise locations in Mexico. The Company’s boutiques are located in upscale outdoor shopping areas, indoor shopping malls, and street-front locations. The Company’s outlet stores are located in outlet centers. It also sells clearance merchandise on its Websites.
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