Chico's FAS, Inc. operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM)and Soma brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels. The WHBM brand sells everyday basics and denim, polished casual apparel, relaxed workwear, black and white pieces, feminine all-occasion dresses, shoes, belts, scarves, handbags, and jewelry for women. The Soma brand sells private branded lingerie, sleepwear, and loungewear products. As of January 29, 2022, it operated 1,266 stores in the United States, Puerto Rico, and the United States Virgin Islands; and 59 international franchise locations in Mexico and 2 domestic airport locations. The company also sells its products through retail stores and catalogs; and through chicos.com, chicosofftherack.com, whbm.com, and soma.com, as well as through third party channels. Chico's FAS, Inc. was incorporated in 1983 and is headquartered in Fort Myers, Florida.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Chico's FAS from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 2nd.
Chico's FAS Price Performance
Shares of CHS opened at $6.22 on Tuesday. Chico's FAS has a fifty-two week low of $3.80 and a fifty-two week high of $7.19. The company has a market capitalization of $778.39 million, a price-to-earnings ratio of 8.52 and a beta of 1.20. The firm has a 50-day simple moving average of $5.26 and a 200-day simple moving average of $4.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.38 and a current ratio of 1.10.
Chico's FAS (NYSE:CHS - Get Rating) last announced its earnings results on Tuesday, June 7th. The specialty retailer reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.18. The business had revenue of $540.92 million during the quarter, compared to the consensus estimate of $490.10 million. Chico's FAS had a net margin of 4.59% and a return on equity of 43.27%. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. On average, equities research analysts anticipate that Chico's FAS will post 0.72 earnings per share for the current year.
Insider Activity at Chico's FAS
In related news, insider Bonnie R. Brooks sold 100,000 shares of the firm's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $5.57, for a total value of $557,000.00. Following the completion of the sale, the insider now owns 1,185,277 shares in the company, valued at $6,601,992.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by insiders.