Chico’s FAS, Inc. (CHS) Short Interest Up 13.9% in July

Chico’s FAS, Inc. (NYSE:CHS) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 21,016,451 shares, an increase of 13.9% from the July 14th total of 18,457,564 shares. Based on an average daily trading volume, of 4,270,637 shares, the short-interest ratio is currently 4.9 days. Approximately 16.7% of the company’s stock are sold short.

In related news, Director Ross E. Roeder sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $9.50, for a total transaction of $47,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ross E. Roeder sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $9.75, for a total value of $97,500.00. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN raised its position in shares of Chico’s FAS by 0.5% in the first quarter. OLD National Bancorp IN now owns 49,189 shares of the specialty retailer’s stock worth $698,000 after buying an additional 237 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Chico’s FAS by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock worth $1,219,000 after buying an additional 413 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in Chico’s FAS by 0.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 58,215 shares of the specialty retailer’s stock worth $826,000 after buying an additional 461 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after buying an additional 473 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in Chico’s FAS by 1.0% in the first quarter. State Treasurer State of Michigan now owns 52,500 shares of the specialty retailer’s stock worth $746,000 after buying an additional 500 shares during the last quarter.

Chico’s FAS (NYSE:CHS) opened at 7.87 on Friday. The stock has a market capitalization of $992.01 million, a P/E ratio of 10.98 and a beta of 0.66. The company’s 50-day moving average price is $8.86 and its 200 day moving average price is $11.67. Chico’s FAS has a 52-week low of $7.74 and a 52-week high of $16.85.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.03. The company had revenue of $583.70 million during the quarter, compared to analysts’ expectations of $624.75 million. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities research analysts predict that Chico’s FAS will post $0.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be paid a $0.0825 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Friday, September 8th. Chico’s FAS’s dividend payout ratio is presently 46.48%.

CHS has been the subject of a number of research analyst reports. Wolfe Research lowered Chico’s FAS from an “outperform” rating to a “market perform” rating in a report on Thursday, May 25th. UBS AG reissued a “neutral” rating and issued a $10.00 target price (down previously from $16.00) on shares of Chico’s FAS in a report on Thursday, May 25th. Telsey Advisory Group reduced their target price on Chico’s FAS from $15.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, May 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $12.00 target price on shares of Chico’s FAS in a report on Thursday. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $11.00 target price on shares of Chico’s FAS in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.43.

TRADEMARK VIOLATION WARNING: This news story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/08/18/chicos-fas-inc-chs-short-interest-up-13-9-in-july.html.

Chico’s FAS Company Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

Receive News & Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply