The Vanguard Group, Inc. has recently announced that it has increased stake in Chico’s FAS Inc. (NYSE:CHS) by 9.43%. After grabbing 8.83 million shares, the institutional investor is now in possession of 0.76 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 7.06% having worth around $51.91 million. Moreover, Neuberger Berman Investment Advis increased its share by 0.49 million to have a control over 5.07 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.49 million shares by acquiring 4.31 million shares or 3.44% of the stake.
Chico’s FAS Inc. (CHS) concluded trading on 11/23/22 at a closing price of $6.11, with 2.87 million shares of worth about $17.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.99% during that period and on Wednesday the price saw a loss of about -4.53%. Currently the company’s common shares owned by public are about 125.09M shares, out of which, 120.90M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the CHS stock and their offered price forecasts bring an average price target of $7.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $7.00. The stock’s current price level is 12.71% above of average price target set by the analysts, while a rise to estimated low would result in gain of 12.71% for the stock. However, touching the estimated high of $7.00 would mean a gain of 12.71% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 2,101,748 shares in 18 of the transactions. In 24 selling transactions, insiders dumped 1,547,890 shares.
iShares Core S&P Small Cap ETF, Contrarius ICAV – Global Equity F, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Chico’s FAS Inc. iShares Core S&P Small Cap ETF is currently holding 9.29 million shares of worth totaling $54.6 million. The company recently came buying 7112.0 shares which brought its stake up to 7.42% of the company’s outstanding shares. Contrarius ICAV – Global Equity F sold -3.4 million shares, after which its hold over company’s outstanding shares shrunk to 5.00%, leaving 6.26 million shares with the mutual fund that have a worth of about $36.8 million. Vanguard Total Stock Market Index, after buying 3.58 million shares, have now control over 2.86% of the stake in the company. It holds 0.11 million shares of worth $21.05 million.
Chico’s FAS Inc. (NYSE: CHS) started trading at $6.35, below -$0.05 from concluding price of the previous day. Stock saw a price change of -8.53% in past 5 days and over the past one month there was a price change of 3.74%. Year-to-date (YTD), CHS shares are showing a performance of 13.57% which decreased to -12.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.80 but also hit the highest price of $7.30 during that period. The average intraday trading volume for Chico’s FAS Inc. shares is 2.26 million. The stock is currently trading -3.73% below its 20-day simple moving average (SMA20), while that difference is up 10.15% for SMA50 and it goes to 15.86% higher than SMA200.
The Vanguard Group, Inc. acquired 8.83 million shares of Chico’s FAS Inc. having value of about $51.91 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.76 million shares in the company valued at close to $4649545.03, or have control over 9.43% stake in the company. Chico’s FAS Inc. (NYSE: CHS) currently have 125.09M outstanding shares and institutions hold larger chunk of about 90.20% of that. Holding of mutual funds in the company is about 50.38% while other institutional holders and individual stake holders have control over 9.95% and 39.11% of the stake respectively.
The stock has a current market capitalization of $735.52M and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 7.17, while it has posted earnings per share of $0.85 in the same period. Its PEG reads 0.72 and has Quick Ratio of 0.50 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHS, volatility over the week remained 6.96% while standing at 5.39% over the month.
Analysts are in expectations that Chico’s FAS Inc. (CHS) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.1 and it is $0.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 112.10% while it is estimated to increase by 11.76% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of -11.50% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Chico’s FAS Inc. (CHS)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on November 17, 2020 offering a Neutral rating for the stock and assigned a target price of $1.50 to it. Coverage by Telsey Advisory Group stated Chico’s FAS Inc. (CHS) stock as a Market perform in their note to investors on November 27, 2019, suggesting a price target of $5 for the stock. On August 29, 2019, Telsey Advisory Group Reiterated their recommendations, while on June 12, 2019, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $4. Stock get an Underperform rating from BofA/Merrill on November 29, 2018.