As of Wednesday close, Chico’s FAS Inc.’s (NYSE:CHS) stock was down -$0.19, moving down -3.59 percent to $5.10. The average number of shares traded per day over the past five days has been 1,578,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.72 fall in that time frame. In the last twenty days, the average volume was 1,134,010, while in the previous 50 days, it was 1,547,438.
Since last month, CHS stock retreated -10.05%. Shares of the company fell to $5.10 on 08/16/23, the lowest level in the past month. A 52-week high of $7.30 was reached on 03/03/23 after having rallying from a 52-week low of $4.33. Since the beginning of this year, CHS’s stock price has risen by 3.66% or $0.18, and marked a new high 9 times. However, the stock has declined by -30.18% since its 52-week high.
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CHS stock investors should be aware that Chico’s FAS Inc. (CHS) stock had its last reported insider trading activity 154 days ago on Mar 16. Brooks Bonnie R., the Director of the company, disposed of 69,600 shares for $6.28 on Mar 16. It resulted in a $437,088 divestment by the insider. Brooks Bonnie R. sold 30,400 shares at an average price of $6.15 on Mar 10. The insider now owns 774,240 shares following the transaction. On Nov 30, Director Brooks Bonnie R. sold 100,000 shares at $5.75 apiece. The transaction was valued at $575,000.
Valuation Metrics
Right now, Chico’s FAS Inc. (CHS) has a P/E ratio of about 5.58. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 0.30, the price-to-book (PB) ratio of 1.73.
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 0.07, and the total debt-to-equity ratio was 0.07. On the profitability front, the trailing twelve-month gross margin is 39.70% percent. Based on annual data, CHS earned $838.44 million in gross profit and brought in $2.14 billion in revenue.
In Chico’s FAS Inc.’s quarter-end financial report for April 29, it reported total debt of $24.0 million against cash and short-term investments of $23.31 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 fell -1.16% to $524.05 million during the quarter, while net income inched up to $534.74 million. While analysts expected Chico’s FAS Inc. to report $0.27 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by 18.50%. During the quarter, the company generated $63.28 million in EBITDA. The liabilities of Chico’s FAS Inc. were 821.25 million at the end of its most recent quarter ended April 29, and its total debt was $545.92 million. The value of shareholders’ equity is $123.46 million.
Technical Picture
This quick technical analysis looks at Chico’s FAS Inc.’s (CHS) price momentum. With a historical volatility rate of 23.04%, the RSI 9-day stood at 19.37% on 16 August.
With respect to its five-day moving average, the current Chico’s FAS Inc. price is down by -12.37% percent or -$0.72. At present, CHS shares trade -9.09% below its 20-day simple moving average and -6.42% percent below its 100-day simple moving average. However, the stock is currently trading approximately +4.29% above its SMA50 and -12.22% below its SMA200.
Stochastic coefficient K was 20.78% and Stochastic coefficient D was 23.82%, while ATR was 0.22. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 29.82%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.53.
Analyst Ratings
B. Riley Securities launched its rating on Chico’s FAS Inc. (NYSE: CHS) to a Buy in a note to investors on March 30, 2023. Chico’s FAS Inc. (CHS) has been rated Overweight by analysts. According to 0 brokerage firms, CHS is a sell, and 1 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 1 recommending it as overweight.
With a median target price of $7.63, the current consensus forecast for the stock is $6.00 – $9.25. Based on these forecasts, analysts predict Chico’s FAS Inc. (CHS) will achieve an average price target of $7.63.
