Chico’s FAS Target of Unusually Large Options Trading (CHS)

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Chico’s FAS, Inc. (NYSE:CHS) was the target of some unusual options trading on Thursday. Investors bought 1,451 put options on the stock. This is an increase of approximately 1,530% compared to the average volume of 89 put options.

Chico’s FAS stock opened at $5.37 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $714.17 million, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.47 and a beta of 0.40. Chico’s FAS has a 52 week low of $4.42 and a 52 week high of $10.90.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $499.90 million during the quarter, compared to analyst estimates of $515.63 million. Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. Chico’s FAS’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. Research analysts anticipate that Chico’s FAS will post 0.33 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of CHS. Bank of America Corp DE boosted its stake in Chico’s FAS by 13.9% in the second quarter. Bank of America Corp DE now owns 416,375 shares of the specialty retailer’s stock worth $3,390,000 after purchasing an additional 50,699 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Chico’s FAS by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 2,583,294 shares of the specialty retailer’s stock worth $21,028,000 after purchasing an additional 15,987 shares in the last quarter. Northern Trust Corp boosted its stake in Chico’s FAS by 9.0% in the second quarter. Northern Trust Corp now owns 1,808,109 shares of the specialty retailer’s stock worth $14,719,000 after purchasing an additional 149,136 shares in the last quarter. Bank of Montreal Can boosted its stake in Chico’s FAS by 27.9% in the third quarter. Bank of Montreal Can now owns 259,882 shares of the specialty retailer’s stock worth $2,253,000 after purchasing an additional 56,689 shares in the last quarter. Finally, Fisher Asset Management LLC acquired a new position in Chico’s FAS in the third quarter worth $299,000.

CHS has been the topic of several recent analyst reports. Bank of America decreased their price target on Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating on the stock in a research note on Thursday, November 29th. Zacks Investment Research raised Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Morgan Stanley decreased their price target on Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, November 30th. Nomura set a $6.00 price target on Chico’s FAS and gave the company a “hold” rating in a research note on Tuesday, December 11th. Finally, Citigroup decreased their price target on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, November 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.50.

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Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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