Chico’s FAS, Inc. (NYSE:CHS) was the target of a significant growth in short interest during the month of January. As of January 13th, there was short interest totalling 11,740,741 shares, a growth of 31.5% from the December 30th total of 8,930,422 shares. Based on an average daily volume of 2,424,480 shares, the days-to-cover ratio is currently 4.8 days. Approximately 9.4% of the company’s shares are short sold.
Several equities research analysts have issued reports on CHS shares. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, December 13th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Chico’s FAS in a report on Tuesday, November 22nd. Telsey Advisory Group increased their price target on Chico’s FAS from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday, November 23rd. FBR & Co restated an “outperform” rating and issued a $17.00 price target on shares of Chico’s FAS in a report on Tuesday, December 6th. Finally, TheStreet upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.65.
A number of hedge funds have recently modified their holdings of CHS. LS Investment Advisors LLC raised its stake in shares of Chico’s FAS by 5.5% in the third quarter. LS Investment Advisors LLC now owns 8,756 shares of the company’s stock worth $104,000 after buying an additional 455 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Chico’s FAS during the second quarter worth approximately $117,000. Royal Bank of Canada raised its stake in shares of Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock worth $121,000 after buying an additional 10,842 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new stake in shares of Chico’s FAS during the third quarter worth approximately $125,000. Finally, World Asset Management Inc purchased a new stake in shares of Chico’s FAS during the third quarter worth approximately $128,000. 93.62% of the stock is owned by institutional investors and hedge funds.
Shares of Chico’s FAS (NYSE:CHS) opened at 12.70 on Monday. The firm has a market capitalization of $1.64 billion, a PE ratio of 30.68 and a beta of 0.82. Chico’s FAS has a 52-week low of $9.62 and a 52-week high of $16.85. The stock has a 50 day moving average price of $14.51 and a 200-day moving average price of $12.98.
Chico’s FAS (NYSE:CHS) last issued its earnings results on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Chico’s FAS had a return on equity of 16.24% and a net margin of 2.24%. The business earned $596.90 million during the quarter, compared to analyst estimates of $610.83 million. During the same period in the previous year, the company posted $0.13 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. Equities analysts forecast that Chico’s FAS will post $0.75 EPS for the current year.
About Chico’s FAS
Chico’s FAS, Inc 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.