why Chico’s FAS Inc. [CHS] is a Good Choice for Investors After New Price Target of $7.00

Chico’s FAS Inc. [NYSE: CHS] gained 0.98% or 0.05 points to close at $5.13 with a heavy trading volume of 2402748 shares. The company report on September 15, 2022 that Chico’s FAS, Inc. Appoints Christine Munnelly as SVP of Merchandising & Design at Soma®.


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Chico’s FAS, Inc. (NYSE: CHS) (the “Company” or “Chico’s FAS”) today announced the appointment of executive Christine Munnelly as the Senior Vice President of Merchandising & Design at Soma®. She will be responsible for the product, design and overall strategy for Soma and will report directly to Molly Langenstein, CEO and President of Chico’s FAS.

With over 35 years of experience in the corporate retail landscape working for an accomplished portfolio of vertical specialty and department stores, Munnelly is a veteran in leading talented and diverse teams in merchandise lifecycle strategy, product development, ecommerce and building consumer centric product..

It opened the trading session at $5.05, the shares rose to $5.245 and dropped to $5.00, the range by which the price of stock traded the whole day. The daily chart for CHS points out that the company has recorded -5.00% loss over the past six months. However, it is still -35.0% lower than its most recent low trading price.

If we look at the average trading volume of 2.25M shares, CHS reached to a volume of 2402748 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Chico’s FAS Inc. [CHS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHS shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHS stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for Chico’s FAS Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 17, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $3 to $5. The new note on the price target was released on November 27, 2019, representing the official price target for Chico’s FAS Inc. stock. Previously, the target price had yet another drop from $4 to $3, while Telsey Advisory Group kept a Market Perform rating on CHS stock. On June 12, 2019, analysts decreased their price target for CHS shares from 5 to 4.

The Average True Range (ATR) for Chico’s FAS Inc. is set at 0.25, with the Price to Sales ratio for CHS stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 1.34. Price to Free Cash Flow for CHS in the course of the last twelve months was 7.63 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for CHS stock

Chico’s FAS Inc. [CHS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.38. With this latest performance, CHS shares gained by 3.85% in over the last four-week period, additionally sinking by -5.00% over the last 6 months – not to mention a rise of 0.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHS stock in for the last two-week period is set at 50.88, with the RSI for the last a single of trading hit 54.90, and the three-weeks RSI is set at 49.03 for Chico’s FAS Inc. [CHS]. The present Moving Average for the last 50 days of trading for this stock 5.52, while it was recorded at 5.08 for the last single week of trading, and 5.09 for the last 200 days.

Chico’s FAS Inc. [CHS]: A deeper dive into fundamental analysis

Chico’s FAS Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.20.

Chico’s FAS Inc. [CHS]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chico’s FAS Inc. go to 10.00%.

An analysis of insider ownership at Chico’s FAS Inc. [CHS]

There are presently around $542 million, or 86.00% of CHS stock, in the hands of institutional investors. The top three institutional holders of CHS stocks are: BLACKROCK INC. with ownership of 20,174,381, which is approximately 2.852% of the company’s market cap and around 2.90% of the total institutional ownership; VANGUARD GROUP INC, holding 8,373,334 shares of the stock with an approximate value of $42.95 million in CHS stocks shares; and MARSHALL WACE, LLP, currently with $30.28 million in CHS stock with ownership of nearly 5.683% of the company’s market capitalization.

101 institutional holders increased their position in Chico’s FAS Inc. [NYSE:CHS] by around 15,251,523 shares. Additionally, 82 investors decreased positions by around 10,940,994 shares, while 37 investors held positions by with 79,536,804 shares. The mentioned changes placed institutional holdings at 105,729,321 shares, according to the latest SEC report filing. CHS stock had 46 new institutional investments in for a total of 4,105,118 shares, while 19 institutional investors sold positions of 2,902,111 shares during the same period.

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