November 28, 2016 - By Louis Casey
Ross Roeder, director of Chicos Fas Inc is the insider, Octafinance want to write about today. Mr. Ross submitted a legally required report with the SEC disclosing a deal for 15,000 shares of the public firm, the one he is an insider in. At the time of the transaction, the average stock market price of Chicos Fas Inc was $15.7, making the shares block worth $235,800 US Dollars. Right now, Ross Roeder owns 174,253 shares which are equivalent to roughly 0.14% of the company’s total market cap.
Out of 18 analysts covering Chico’s FAS (NYSE:CHS), 8 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 44% are positive. $22 is the highest target while $11 is the lowest. The $14.60 average target is -4.89% below today’s ($15.35) stock price. Chico’s FAS has been the topic of 31 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Nomura on Wednesday, November 16. The rating was initiated by Citigroup on Wednesday, October 7 with “Neutral”. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, November 25. M Partners initiated it with “Neutral” rating and $15 target price in Thursday, September 17 report. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, November 23. Brean Capital maintained Chico’s FAS, Inc. (NYSE:CHS) on Wednesday, November 25 with “Buy” rating. On Tuesday, November 15 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The company was maintained on Wednesday, August 19 by Brean Capital. The company was initiated on Tuesday, August 18 by Wolfe Research. FBR Capital maintained it with “Outperform” rating and $17 target price in Friday, May 27 report.
Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.03, from 1.02 in 2016Q1. The ratio increased, as 31 funds sold all Chico’s FAS, Inc. shares owned while 65 reduced positions. 23 funds bought stakes while 75 increased positions. They now own 113.89 million shares or 7.72% less from 123.41 million shares in 2016Q1.
Paloma Management last reported 12,956 shares in the company. Los Angeles Cap & Equity Research Inc last reported 22,600 shares in the company. State Street reported 5.15M shares or 0.01% of all its holdings. Wealthtrust holds 0% or 128 shares in its portfolio. Schroder Mgmt Grp Inc reported 1.51M shares or 0.03% of all its holdings. Zacks Inv Mngmt reported 15,879 shares or 0.01% of all its holdings. Skyline Asset Mgmt Limited Partnership, a Illinois-based fund reported 1.03 million shares. Sei Invests has invested 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Finemark National Bank & Trust And reported 20,010 shares or 0.02% of all its holdings. Pitcairn holds 18,561 shares or 0.03% of its portfolio. Teachers Retirement System Of The State Of Kentucky has 0% invested in the company for 32,955 shares. Financial Bank Of America De holds 256,120 shares or 0% of its portfolio. New York State Teachers Retirement holds 0.01% or 289,165 shares in its portfolio. Citadel Advsrs Ltd Liability has 0.01% invested in the company for 848,396 shares. Parametric Ltd Llc has invested 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS).
Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 1 insider sale for $253,354 net activity. 20,000 Chico’s FAS, Inc. (NYSE:CHS) shares with value of $253,354 were sold by Murray Cynthia.
About 2.23 million shares traded hands. Chico’s FAS, Inc. (NYSE:CHS) has risen 20.57% since April 25, 2016 and is uptrending. It has outperformed by 14.56% the S&P500.
Chico’s FAS, Inc. is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market and Soma brand names. The company has a market cap of $1.97 billion. The Company’s brands are specialty retailers of private label women’s apparel and related products. It has a 35.19 P/E ratio. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico.
According to Zacks Investment Research, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets.”
More important recent Chico’s FAS, Inc. (NYSE:CHS) news were published by: Fool.com which released: “Here’s Why Chico’s FAS, Inc. Shares Are Surging Now” on November 22, 2016, also Prnewswire.com published article titled: “Chico’s FAS, Inc. Announces Appointment of Diane Ellis as President of its ..”, Investorplace.com published: “Chico’s FAS, Inc. (CHS) Stock Hits 52-Week High” on November 14, 2016. More interesting news about Chico’s FAS, Inc. (NYSE:CHS) was released by: Fool.com and their article: “Why Chico’s FAS, Inc. Stock Popped Today” with publication date: August 31, 2016.
Chico’s FAS, Inc., incorporated on December 1, 1983, is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico. The Firm operates approximately 1,520 stores across over 50 states, Puerto Rico, the United States Virgin Islands and Canada, and sold merchandise through over 40 franchise locations in Mexico. The Company’s boutiques are located in upscale outdoor shopping areas, indoor shopping malls, and street-front locations. The Company’s outlet stores are located in outlet centers. It also sells clearance merchandise on its Websites.
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By Louis Casey