Short Interest in Chico’s FAS, Inc. (CHS) Decreases By 19.4%
Chico’s FAS, Inc. (NYSE:CHS) saw a large decline in short interest during the month of October. As of October 13th, there was short interest totalling 14,480,965 shares, a decline of 19.4% from the September 29th total of 17,957,968 shares. Based on an average daily volume of 2,589,077 shares, the days-to-cover ratio is currently 5.6 days. Currently, 11.6% of the shares of the stock are sold short.
Hedge funds have recently added to or reduced their stakes in the business. Parkwood LLC purchased a new position in shares of Chico’s FAS in the second quarter valued at about $102,000. PNC Financial Services Group Inc. increased its position in shares of Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 473 shares during the period. Flinton Capital Management LLC increased its position in shares of Chico’s FAS by 85.7% in the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 6,356 shares during the period. Welch & Forbes LLC bought a new stake in shares of Chico’s FAS during the 2nd quarter valued at about $133,000. Finally, Koch Industries Inc. bought a new stake in shares of Chico’s FAS during the 2nd quarter valued at about $142,000.
Shares of Chico’s FAS (CHS) opened at $7.63 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.00 billion, a PE ratio of 10.54, a PEG ratio of 1.09 and a beta of 0.69.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The firm had revenue of $578.60 million during the quarter, compared to analysts’ expectations of $578.58 million. During the same quarter in the previous year, the firm posted $0.25 EPS. Chico’s FAS’s revenue was down 9.0% compared to the same quarter last year. analysts forecast that Chico’s FAS will post 0.64 EPS for the current year.
Several equities research analysts have issued reports on the stock. FBR & Co reaffirmed a “buy” rating and set a $14.00 target price (down previously from $16.00) on shares of Chico’s FAS in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Group LLC reissued a “hold” rating and set a $8.00 price target (up previously from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Chico’s FAS in a research report on Thursday, August 31st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $8.00 price target (down previously from $11.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.69.
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About Chico’s FAS
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
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