Is Chico’s FAS Inc. (CHS) Price Targeted To Increase?

As of Thursday close, Chico’s FAS Inc.’s (NYSE:CHS) stock was up $0.22, moving up 3.97 percent to $5.76. The average number of shares traded per day over the past five days has been 2,811,380 shares. 4 times new highs have been achieved over the past 5 days, with a $0.78 gain in that time frame. In the last twenty days, the average volume was 2,117,125, while in the previous 50 days, it was 2,736,116.

Since last month, CHS stock rose 17.55%. Shares of the company fell to $4.76 on 07/05/22, the lowest level in the past month. A 52-week high of $7.19 was reached on 06/21/22 after having rallying from a 52-week low of $3.80. Since the beginning of this year, CHS’s stock price has risen by 7.06% or $0.38, and marked a new high 2 times. However, the stock has declined by -19.89% since its 52-week high.

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Chico’s FAS Inc. (CHS) last reported insider trading activity 45 days ago on Jun 21. Brooks Bonnie R., the Executive Chair of the Board of the company, disposed of 100,000 shares for $5.57 on Jun 21. It resulted in a $557,000 divestment by the insider. Brooks Bonnie R. sold 100,000 shares at an average price of $5.12 on Jun 08. The insider now owns 1,285,277 shares following the transaction. On Mar 16, Executive Chair of the Board Brooks Bonnie R. sold 200,000 shares at $4.28 apiece. The transaction was valued at $856,000.

Valuation Metrics

Right now, Chico’s FAS Inc. (CHS) has a P/E ratio of about 7.89. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 0.37, the price-to-book (PB) ratio of 2.72.

The latest dividend of $0.09 per share was paid out, which is 3.45% more than last year’s $0.0870.

Financial Health

In the three months ended April 29, Chico’s FAS Inc.’s quick ratio stood at 0.40, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.39, and the total debt-to-equity ratio was 0.39. On the profitability front, the trailing twelve-month gross margin is 38.40% percent. Based on annual data, CHS earned $664.0 million in gross profit and brought in $1.81 billion in revenue.

In Chico’s FAS Inc.’s quarter-end financial report for April 29, it reported total debt of $99.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CHS’s revenue rose 28.28% to $496.26 million during the quarter, while net income inched up to $540.92 million. While analysts expected Chico’s FAS Inc. to report $0.09 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by 211.10%. During the quarter, the company generated $57.0 million in EBITDA. The liabilities of Chico’s FAS Inc. were 907.82 million at the end of its most recent quarter ended April 29, and its total debt was $605.33 million. The value of shareholders’ equity is $125.14 million.

Technical Picture

This quick technical analysis looks at Chico’s FAS Inc.’s (CHS) price momentum. With a historical volatility rate of 70.06%, the RSI 9-day stood at 66.13% on 04 August.

With respect to its five-day moving average, the current Chico’s FAS Inc. price is up by +15.66% percent or $0.78. At present, CHS shares trade +12.28% above its 20-day simple moving average and +42.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately +36.49% above its SMA50 and +8.68% above its SMA200.

Stochastic coefficient K was 83.75% and Stochastic coefficient D was 72.53%, while ATR was 0.27. Given the Stochastic reading of 97.27% for the 14-day period, the RSI (14) reading has been calculated as 61.07%. As of today, the MACD Oscillator reading stands at 0.25, while the 14-day reading stands at 0.19.

Analyst Ratings

Chico’s FAS Inc. downgraded its rating on Chico’s FAS Inc. (NYSE: CHS) to a Neutral in a note to investors on November 17, 2020. The analysts firm previously had a Buy rating on the stock.Chico’s FAS Inc. (CHS) has been rated Hold by analysts. According to 0 brokerage firms, CHS is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Chico’s FAS Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $5.50, the current consensus forecast for the stock is $5.00 – $6.00. Based on these forecasts, analysts predict Chico’s FAS Inc. (CHS) will achieve an average price target of $5.50.


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