Chico’s FAS, Inc. (NYSE:CHS) SVP Gregory S. Baker purchased 8,500 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of $1.26 per share, for a total transaction of $10,710.00. Following the acquisition, the senior vice president now owns 86,815 shares of the company’s stock, valued at $109,386.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CHS traded up $0.01 during midday trading on Monday, reaching $1.28. 9,896,000 shares of the company were exchanged, compared to its average volume of 2,903,344. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.50 and a current ratio of 1.12. Chico’s FAS, Inc. has a one year low of $0.93 and a one year high of $5.14. The stock has a market capitalization of $153.05 million, a P/E ratio of -0.76 and a beta of 1.11. The stock’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $2.66.

Chico’s FAS (NYSE:CHS) last issued its earnings results on Wednesday, June 10th. The specialty retailer reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.13). Chico’s FAS had a negative return on equity of 10.53% and a negative net margin of 10.72%. The company had revenue of $280.26 million for the quarter, compared to the consensus estimate of $343.53 million. On average, research analysts anticipate that Chico’s FAS, Inc. will post -0.64 earnings per share for the current year.

Several equities analysts recently issued reports on the company. B. Riley decreased their price target on Chico’s FAS from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Morgan Stanley decreased their price target on Chico’s FAS from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Thursday, March 19th. Finally, Zacks Investment Research cut Chico’s FAS from a “hold” rating to a “sell” rating in a report on Friday, June 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.76.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Chico’s FAS by 1,677.6% during the first quarter. Royal Bank of Canada now owns 48,065 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 45,361 shares during the period. State of Tennessee Treasury Department increased its position in shares of Chico’s FAS by 132.6% during the 1st quarter. State of Tennessee Treasury Department now owns 162,624 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 92,719 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Chico’s FAS by 48.8% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 31,787 shares of the specialty retailer’s stock worth $41,000 after purchasing an additional 10,420 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Chico’s FAS during the 1st quarter worth approximately $455,000. Finally, AQR Capital Management LLC boosted its stake in shares of Chico’s FAS by 138.5% during the 1st quarter. AQR Capital Management LLC now owns 114,563 shares of the specialty retailer’s stock worth $148,000 after acquiring an additional 66,536 shares during the period. 89.99% of the stock is currently owned by institutional investors.

About Chico’s FAS

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

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