Price Action Report: Does Chico’s FAS, Inc. Have More Gas After Making 52-Week High?

Price Action Report: Does Chico's FAS, Inc. Have More Gas After Making 52 Week High?

The stock of Chico’s FAS, Inc. (NYSE:CHS) hit a new 52-week high and has $16.73 target or 7.00% above today’s $15.64 share price. The 9 months bullish chart indicates low risk for the $2.04 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $16.73 price target is reached, the company will be worth $142.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.02 million shares traded hands or 42.45% up from the average. Chico’s FAS, Inc. (NYSE:CHS) has risen 7.37% since April 20, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.

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

Out of 17 analysts covering Chico’s FAS (NYSE:CHS), 8 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 47% are positive. $22 is the highest target while $11 is the lowest. The $14.36 average target is -8.18% below today’s ($15.64) stock price. Chico’s FAS has been the topic of 29 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, May 27 by Citigroup. The firm earned “Outperform” rating on Wednesday, November 25 by RBC Capital Markets. Citigroup initiated it with “Neutral” rating and $17 target price in Wednesday, October 7 report. The firm has “Peer Perform” rating given on Thursday, May 26 by Wolfe Research. The rating was initiated by Wolfe Research with “Peer Perform” on Tuesday, August 18. M Partners initiated the stock with “Neutral” rating in Thursday, September 17 report. Mizuho maintained it with “Buy” rating and $15 target price in Wednesday, August 31 report. The rating was upgraded by Citigroup to “Buy” on Monday, November 14. As per Friday, May 27, the company rating was maintained by FBR Capital. As per Wednesday, November 25, the company rating was maintained by Morgan Stanley.

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 1.05 in 2016 Q2. Its up 0.03, from 1.02 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.
Schaper Benz And Wise Investment Counsel Wi last reported 0.03% of its portfolio in the stock. Tiaa Cref Mgmt Lc holds 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS) for 659,212 shares. Parallax Volatility Advisers Lp accumulated 0% or 20,739 shares. Retirement System Of Alabama last reported 0.01% of its portfolio in the stock. Weaver C Barksdale Associate holds 0.02% or 1,051 shares in its portfolio. Amp Cap Invsts Limited holds 43,900 shares or 0% of its portfolio. Hussman Strategic Advsrs Inc holds 0.01% or 7,000 shares in its portfolio. Benjamin F Edwards & holds 0% or 1,600 shares in its portfolio. Moreover, Amalgamated National Bank has 0.01% invested in Chico’s FAS, Inc. (NYSE:CHS) for 15,830 shares. The New Jersey-based Prudential Fin has invested 0% in Chico’s FAS, Inc. (NYSE:CHS). Ig Inv Mngmt Limited has 8,017 shares for 0% of their US portfolio. Moreover, Ameritas Investment Partners Incorporated has 0.02% invested in Chico’s FAS, Inc. (NYSE:CHS) for 30,591 shares. Kcg Hldgs Incorporated has 105,164 shares for 0.02% of their US portfolio. Goldman Sachs Group Inc has 0.01% invested in the company for 1.45 million shares. Geode Capital Mgmt Ltd Llc has 0.01% invested in the company for 884,440 shares.

Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 1 sale for $253,354 net activity. Another trade for 20,000 shares valued at $253,354 was made by Murray Cynthia on Thursday, September 1.

More notable recent Chico’s FAS, Inc. (NYSE:CHS) news were published by: Prnewswire.com which released: “Chico’s FAS, Inc. Reports Third Quarter Results” on November 22, 2016, also Investorplace.com with their article: “Chico’s FAS, Inc. (CHS) Stock Hits 52-Week High” published on November 14, 2016, Fool.com published: “Why Chico’s FAS, Inc. Stock Popped Today” on August 31, 2016. More interesting news about Chico’s FAS, Inc. (NYSE:CHS) were released by: Prnewswire.com and their article: “Chico’s FAS, Inc. Announces Appointment of Diane Ellis as President of its …” published on October 07, 2016 as well as Prnewswire.com‘s news article titled: “Chico’s FAS, Inc. Announces Third Quarter Sales and Earnings Conference Call” with publication date: October 23, 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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