The stock of Chico’s FAS, Inc. (NYSE:CHS) hit a new 52-week high and has $23.73 target or 61.00% above today’s $14.74 share price. The 6 months bullish chart indicates low risk for the $2.02B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $23.73 price target is reached, the company will be worth $1.23 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.43M shares traded hands. Chico’s FAS, Inc. (NYSE:CHS) has risen 11.29% since April 12, 2016 and is uptrending. It has outperformed by 6.31% the S&P500.
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. The rating was initiated by Wolfe Research with “Peer Perform” on Tuesday, August 18. Standpoint Research downgraded the stock to “Hold” rating in Monday, March 7 report. The firm has “Buy” rating given on Friday, May 27 by Suntrust Robinson. The firm has “Neutral” rating by M Partners given on Thursday, September 17. Wolfe Research upgraded the shares of CHS in a report on Thursday, May 26 to “Peer Perform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 25 report. The firm has “Hold” rating given on Friday, August 14 by BB&T Capital. The firm has “Market Perform” rating given on Friday, May 27 by Telsey Advisory Group. The rating was initiated by Citigroup with “Neutral” on Wednesday, October 7. Mizuho maintained Chico’s FAS, Inc. (NYSE:CHS) rating on Friday, May 27. Mizuho has “Buy” rating and $13 price target.
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 Q2 2016. Its up 0.24, from 0.78 in 2016Q1. The ratio is positive, 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.
Ny State Teachers Retirement Systems has 289,165 shares for 0.01% of their US portfolio. Wedge Management L Ltd Partnership Nc has 578,378 shares for 0.06% of their US portfolio. Menta Capital Lc holds 0.15% or 102,331 shares in its portfolio. Hutchin Hill Capital L P accumulated 0.11% or 295,000 shares. Oakbrook Invests Limited Liability Corp accumulated 0.01% or 10,700 shares. D E Shaw And Com holds 0.03% or 1.35M shares in its portfolio. Schaper Benz Wise Invest Counsel Inc Wi has 16,600 shares for 0.03% of their US portfolio. Etrade Management Limited Co reported 57,978 shares or 0.03% of all its holdings. Profund Advisors Limited Liability Corporation holds 30,449 shares or 0.02% of its portfolio. Aperio Group Inc Ltd Liability last reported 0.02% of its portfolio in the stock. Deutsche State Bank Ag has invested 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Moreover, Teachers Retirement System Of The State Of Kentucky has 0% invested in Chico’s FAS, Inc. (NYSE:CHS) for 32,955 shares. Ameritas Prtn Inc holds 30,591 shares or 0.02% of its portfolio. Cubist Systematic Strategies Ltd accumulated 0.01% or 16,297 shares. Guggenheim Cap Llc holds 51,699 shares or 0% of its portfolio.
Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 1 sale for $253,354 net activity. Murray Cynthia also sold $253,354 worth of Chico’s FAS, Inc. (NYSE:CHS) on Thursday, September 1.
More notable recent Chico’s FAS, Inc. (NYSE:CHS) news were published by: Fool.com which released: “Why Chico’s FAS, Inc. Stock Popped Today” on August 31, 2016, also Prnewswire.com with their article: “Chico’s FAS, Inc. Announces Appointment of Diane Ellis as President of its …” published on October 07, 2016, Prnewswire.com published: “Chico’s FAS, Inc. Appoints Susan Lanigan as Executive Vice President and …” on May 25, 2016. More interesting news about Chico’s FAS, Inc. (NYSE:CHS) were released by: Prnewswire.com and their article: “Chico’s FAS, Inc. Announces Third Quarter Sales and Earnings Conference Call” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “Chico’s FAS, Inc. Issues Statement Correcting Another Round of Inaccurate …” with publication date: June 29, 2016.
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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