Noteworthy Price Action: Is Chico’s FAS, Inc.’s Fuel For Real? The Stock Just Increased Again

Noteworthy Price Action: Is Chico's FAS, Inc.'s Fuel For Real? The Stock Just Increased Again

The stock of Chico’s FAS, Inc. (NYSE:CHS) is a huge mover today! About 1.89 million shares traded hands or 13.86% up from the average. Chico’s FAS, Inc. (NYSE:CHS) has risen 6.05% since April 8, 2016 and is uptrending. It has outperformed by 0.40% the S&P500.
The move comes after 7 months positive chart setup for the $1.82 billion company. It was reported on Nov, 10 by Barchart.com. We have $19.39 PT which if reached, will make NYSE:CHS worth $873.60 million more.

Chico’s FAS, Inc. (NYSE:CHS) Ratings Coverage

Out of 15 analysts covering Chico’s FAS (NYSE:CHS), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. Chico’s FAS has been the topic of 25 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained Chico’s FAS, Inc. (NYSE:CHS) rating on Wednesday, November 25. Telsey Advisory Group has “Market Perform” rating and $14 price target. The company was maintained on Friday, May 27 by FBR Capital. On Wednesday, October 7 the stock rating was initiated by Citigroup with “Neutral”. The company was maintained on Wednesday, August 19 by Brean Capital. Standpoint Research downgraded the shares of CHS in a report on Monday, March 7 to “Hold” rating. The stock has “Equal-Weight” rating given by Morgan Stanley on Wednesday, November 25. The stock has “Hold” rating given by BB&T Capital on Friday, August 14. SunTrust maintained Chico’s FAS, Inc. (NYSE:CHS) on Friday, May 27 with “Buy” rating. The company was initiated on Thursday, September 17 by M Partners. The firm has “Buy” rating given on Friday, May 27 by Mizuho.

According to Zacks Investment Research, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets.”

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.24, from 0.78 in 2016Q1. The ratio is positive, as 31 funds sold all Chico’s FAS, Inc. shares owned while 65 reduced positions. 23 funds bought stakes while 75 increased positions. They now own 113.89 million shares or 7.72% less from 123.41 million shares in 2016Q1.
The New York-based New York State Common Retirement Fund has invested 0% in Chico’s FAS, Inc. (NYSE:CHS). Alliancebernstein Lp last reported 0% of its portfolio in the stock. Profund Advsrs Limited Co holds 30,449 shares or 0.02% of its portfolio. Principal Grp Inc Inc has invested 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Penn Capital Com accumulated 0.09% or 142,060 shares. Amalgamated Fincl Bank holds 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS) for 15,830 shares. Tower Research Capital Lc (Trc) owns 4,313 shares or 0% of their US portfolio. Ubs Asset Americas has 118,981 shares for 0% of their US portfolio. Wealthtrust accumulated 128 shares or 0% of the stock. Royal National Bank Of Canada has 0% invested in the company for 11,331 shares. Moreover, Twin Cap Mgmt has 0.09% invested in Chico’s FAS, Inc. (NYSE:CHS) for 112,378 shares. State Of Wisconsin Board holds 703,102 shares or 0.03% of its portfolio. The California-based Fdx has invested 0.03% in Chico’s FAS, Inc. (NYSE:CHS). National Bank Of New York Mellon Corporation has invested 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). National Bank & Trust Of Montreal Can accumulated 0% or 19,483 shares.

Insider Transactions: Since September 1, 2016, the stock had 0 buys, and 1 sale for $253,354 net activity. $253,354 worth of Chico’s FAS, Inc. (NYSE:CHS) shares were sold by Murray Cynthia.

More notable recent Chico’s FAS, Inc. (NYSE:CHS) news were published by: Prnewswire.com which released: “Chico’s FAS, Inc. Announces Third Quarter Sales and Earnings Conference Call” on November 07, 2016, also Fool.com with their article: “Why Chico’s FAS, Inc. Stock Popped Today” published on August 31, 2016, Prnewswire.com published: “Chico’s FAS, Inc. Announces Appointment of Diane Ellis as President of its …” on October 07, 2016. More interesting news about Chico’s FAS, Inc. (NYSE:CHS) were released by: Prnewswire.com and their article: “Chico’s FAS, Inc. Appoints Susan Lanigan as Executive Vice President and …” published on May 25, 2016 as well as Prnewswire.com‘s news article titled: “Chico’s FAS, Inc. Issues Statement Correcting Another Round of Inaccurate …” with publication date: June 29, 2016.

CHS Company Profile

Chico’s FAS, Inc., incorporated on December 1, 1983, 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. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico. The Firm operates approximately 1,520 stores across over 50 states, Puerto Rico, the United States Virgin Islands and Canada, and sold merchandise through over 40 franchise locations in Mexico. The Company’s boutiques are located in upscale outdoor shopping areas, indoor shopping malls, and street-front locations. The Company’s outlet stores are located in outlet centers. It also sells clearance merchandise on its Websites.

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