Company chares are trading at $8.66 which is just under $9.97, the stock’s 50 day moving average and a tad below the 200 day moving average of $13.01. The 50 day moving average went down by -13.75% and the 200 day average went down by -33.89%. 3,115K shares changed hands on Wednesday. Volume was up 31.29% over the stocks average daily volume.
Chico’s FAS, Inc. (NYSE:CHS) has been the object of insider buying and selling activity recently. Colaco Donna Noce, Brand President WH|BM let go of $732,661 worth of shares at an average price of $14.30 on Wed the 29th. That brings the Brand President WH|BM’s holdings to $2,191,618 as recorded in a recent Form 4 SEC filing. SVP – Supply Chain & Operation John R. Lund acquired 2,000 shares at an average price of $13.78 on Mon the 13th. That brings Lund’s holdings to $416,018 as reported to the SEC.
Ross E. Roeder, Director disclosed the sale of 19,926 shares of CHS stock. The shares were purchased at an average price of $14.31. The Director now owns $1,349,819 of the stock according to the SEC filing.
Here are some other firms who have updated their holdings. Smith, Graham & Co., Investment Advisors, Lp augmented its ownership by buying 273,140 shares an increase of 107.7% in the quarter. Smith, Graham & Co., Investment Advisors, Lp now controls 526,814 shares valued at $4,963,000. The total value of its holdings increased 37.8%. Fny Partners Fund Lp downsized its position by selling 10 shares a decrease of 50.0% as of 03/31/2017. Fny Partners Fund Lp owns 10 shares with a value of $0. The value of the position overall is down by 0.0%.
Morgan Stanley reduced its holdings by shedding 3,349 shares a decrease of 100.0%. Morgan Stanley currently owns 0 shares worth $0. The value of the position overall is down by 100.0%. Tower Research Capital LLC (trc) cut its stake by shedding 12,644 shares a decrease of 97.7% from 12/31/2016 to 03/31/2017. Tower Research Capital LLC (trc) claims 301 shares worth $4,000. The value of the position overall is down by 97.8%.
On November 16 the stock rating was downgraded to “Neutral” from “” in a statement from Nomura. On November 15 the company was set at “Outperform” by KeyBanc a cut from the previous “” rating.
On November 14 the company was upgraded from “Peer Perform” to “Outperform” in a report issued by Wolfe Research. On November 14, 2016 the stock rating was changed to a “Buy” in a report from Citigroup up from the previous “Peer Perform” rating.
On May 26 the company was rated “Peer Perform” according to a Wolfe Research report which was a boost from the previous “Underperform” rating. On April 26, 2016 Deutsche Bank initiated coverage on the stock by announcing an initial rating of “Hold” and price target of $13.00.
The company is trading up from yesterday’s close of $8.585. Additionally Chico’s FAS, Inc. recently declared a dividend that will be paid on Monday September 25th, 2017. The dividend will be $0.083 per share for the quarter which is $0.33 annualized. This dividend represents a yield of $3.61. The ex-dividend date is Thursday the 8th of June 2017.
The company currently has a P/E ratio of 11.99 and the market value is 1.08B. As of the last earnings report the EPS was $0.72 and is expected to be $0.79 for the current year with 126,050,000 shares currently outstanding. Next quarter’s EPS is expected be $0.20 with next year’s EPS anticipated to be $0.87.
Chico’s FAS, Inc., launched on December 1, 1983, 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, its various Websites and its call center, which takes orders for all of its brands, and through an unaffiliated franchise partner in Mexico. As of January 28, 2017, it had operated 1,501 stores across 48 states, Puerto Rico, the United States Virgin Islands and Canada, and sold merchandise through 91 franchise locations in Mexico. Its boutiques are located in indoor shopping malls, outdoor shopping areas and standalone street-front locations. Its outlet stores are primarily located in outlet centers. Its merchandise is also sold through franchise locations in Mexico, including boutique locations, as well as shop-in-shop formats within a department store environment..Advertisement