Chico’s FAS Inc. (CHS) Price Target: Is It Set To Rise Or Fall In Price?

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Chico’s FAS Inc. (NYSE:CHS) finished Wednesday with a subtraction of -$0.01 to close at $4.94, a downside of -0.20 percent. An average of 2,677,420 shares of common stock have been traded in the last five days. There was a fall of -$0.02 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 2,494,320 shares traded, while the 50-day average volume stands at 2,320,780.

CHS stock has decreased by -25.83% in the last month. The company shares reached their 1-month lowest point of $4.78 on 09/16/22. With the stock rallying to its 52-week high on 08/16/22, shares of the company touched a low of $3.80 and a high of $7.19 in 52 weeks. It has reached a new high 8 times so far this year and lost -8.18% or -$0.44 in price. In spite of this, the price is down -31.29% from the 52-week high.


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Insider Transactions

93 days have passed since Chico’s FAS Inc. (CHS) last reported insider trading activity. Brooks Bonnie R., who is Executive Chair of the Board, most recently acquired $100,000 shares at $5.57 per share on Jun 21. In this transaction, the insider spent $557,000. Executive Chair of the Board, Brooks Bonnie R., disposed of 100,000 shares at a price of $5.12 on Jun 08. The insider now owns more than $512,000 worth of shares. Prior to that, Executive Chair of the Board Brooks Bonnie R. went on to Sale 200,000 shares at $4.28 each on Mar 16. An amount of $856,000 was transacted.

Valuation Metrics

Chico’s FAS Inc. (CHS) has a trailing price-to-earnings (P/E) ratio of 5.80. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.31, the price-to-book (PB) ratio at 1.99, and the price-to-cash flow ratio at 7.25.

Financial Health

The quick ratio of Chico’s FAS Inc. for the three months ended July 30 was 0.50, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.33 for the quarter ending July 30. Its gross profit as reported stood at $664.0 million compared to revenue of $1.81 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Chico’s FAS Inc.’s return on assets was 8.80%.

Earnings Surprise

For the three-month period that ended July 30, Chico’s FAS Inc. had $15.3 million in cash and short-term investments compared to $99.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $41.96 million in the quarter, while revenues of $34.93 million were grew 37.58%. The analyst consensus anticipated Chico’s FAS Inc.’s latest quarter earnings to come in at $0.25 per share, but it turned out to be $0.34, a 36.00% surprise. For the quarter, EBITDA amounted to $69.51 million. Shareholders own equity worth $125.09 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Chico’s FAS Inc. (CHS) price momentum. RSI 9-day as of the close on 21 September was 33.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 61.25%.

As of today, CHS’s price is $5.00 -0.40% or -$0.02 from its 5-day moving average. CHS is currently trading -28.51% lower than its 20-day SMA and -6.97% lower than its 100-day SMA. However, the stock’s current price level is -0.40% below the SMA50 and -6.08% below the SMA200.

The stochastic %K and %D were 16.00% and 14.09%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 17.46% and the average true range at 0.30, the RSI (14) stands at 37.26%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

B. Riley Securities downgraded Chico’s FAS Inc. (NYSE: CHS) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Chico’s FAS Inc. (CHS) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CHS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is CHS’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Chico’s FAS Inc. (CHS) stock is $7.00.

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