The stock of Chico’s FAS Inc. (NYSE:CHS) decreased by -$0.08 on Monday to finish at $5.12, down -1.54 percent. The last five days have seen an average of 2,685,620 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $0.20. The average number of shares traded over the last 20 days was 1,611,010, while the average volume over the last 50 days totaled 1,562,118.
CHS stock dropped -14.09% since last month. On 08/23/23, the company’s shares reached a one-month low of $4.97. The stock touched a high of $7.30 on 03/03/23, after rallying from a low of $4.33 in 52 weeks. The price of CHS stock has risen by 4.07% or $0.20 this year, reaching a new high 9 times. Still, the stock price is down -29.91% from the 52-week high.
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Insider Transactions
CHS stock investors should be aware that Chico’s FAS Inc. (CHS) stock had its last reported insider trading activity 166 days ago on Mar 16. On Mar 16, Director Brooks Bonnie R. sold 69,600 shares at $6.28 each. This transaction resulted in the insider making $437,088. On Mar 10, Brooks Bonnie R. sold 30,400 shares at a price of US$6.15. After the transaction, the insider now owns 774,240 shares. Director Brooks Bonnie R. had earlier sold 100,000 shares on Nov 30 for $5.75 a share. The transaction was completed for $575,000.
Valuation Metrics
Chico’s FAS Inc. (CHS) has a trailing price-to-earnings (P/E) ratio of 5.60. Beta for the stock is 1.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 1.74.
Company paid $0.09 per share in dividends, an increase of 3.45% from $0.0870 last year.
Financial Health
For the three months ended April 29, Chico’s FAS Inc.’s quick ratio was 0.40, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.07, and the total debt to equity ratio is 0.07. As far as profitability goes, gross margin for the trailing twelve months is 39.70% percent. Based on annual data, it had gross profit of $838.44 million and revenue of $2.14 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 29.40% return on investment (ROI) in the past year.
Earnings Surprise
According to Chico’s FAS Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $534.74 million, while revenues fell by -1.16% to $524.05 million. It was predicted that Chico’s FAS Inc.’s quarterly earnings would be $0.32, but it ended up being $0.27, beating the consensus by 18.50%. EBITDA was $63.28 million for the quarter. At the end of Chico’s FAS Inc.’s most recent quarter ended April 29, its liabilities totaled 821.25 million, while its total debt was $545.92 million. Equity owned by shareholders amounts to $123.46 million.
Technical Picture
Here’s a quick look at Chico’s FAS Inc.’s (CHS) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 33.82%, suggesting the stock is Neutral, with a 35.61% historical volatility rate.
The stochastic %K and %D were 17.39% and 18.67% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 15.15%, the RSI (14) reading is 36.96%. On the 9-day MACD Oscillator, the stock is at -0.03, and the 14-day reading is at -0.20.
Analyst Ratings
In its analyst report released on March 30, 2023, B. Riley Securities began covering Chico’s FAS Inc. (NYSE: CHS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Chico’s FAS Inc. (CHS) an Overweight rating. CHS is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is CHS’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $9.25, with a median target price of $7.63. In analyzing these forecasts, the average price target given by analysts for Chico’s FAS Inc. (CHS) is $7.63.
