Chico’s FAS Inc. (NYSE: CHS) stock jumped 3.94% on Friday to $5.54 against a previous-day closing price of $5.33. With 3.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.59 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.57 whereas the lowest price it dropped to was $5.35. The 52-week range on CHS shows that it touched its highest point at $7.19 and its lowest point at $3.80 during that stretch. It currently has a 1-year price target of $5.50. Beta for the stock currently stands at 1.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CHS was up-trending over the past week, with a rise of 9.06%, but this was up by 5.52% over a month. Three-month performance surged to 4.33% while six-month performance rose 16.39%. The stock lost -11.22% in the past year, while it has gained 2.97% so far this year. A look at the trailing 12-month EPS for CHS yields 0.73 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.25. This implies an EPS growth rate of 112.10% for this year and 10.49% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.50%.
Float and Shares Shorts:
At present, 118.99 million CHS shares are outstanding with a float of 111.44 million shares on hand for trading. On Jul 14, 2022, short shares totaled 10.1 million, which was 8.07% higher than short shares on Jun 14, 2022. In addition to Ms. Molly Langenstein as the firm’s CEO, Pres & Director, Mr. Patrick J. Guido serves as its Exec. VP & CFO.
Through their ownership of 83.82% of CHS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.98% of CHS, in contrast to 35.37% held by mutual funds. Shares owned by individuals account for 10.05%. As the largest shareholder in CHS with 14.73% of the stake, BlackRock Fund Advisors holds 18,429,515 shares worth 18,429,515. A second-largest stockholder of CHS, The Vanguard Group, Inc., holds 7,994,443 shares, controlling over 6.39% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in CHS, holding 6,116,300 shares or 4.89% stake. With a 7.02% stake in CHS, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,788,944 shares are owned by the mutual fund manager. The Contrarius ICAV – Global Equity F, which owns about 5.00% of CHS stock, is the second-largest Mutual Fund holder. It holds 6,258,206 shares valued at 31.1 million. Vanguard Total Stock Market Index holds 2.77% of the stake in CHS, owning 3,464,663 shares worth 17.22 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CHS since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CHS analysts setting a high price target of $6.00 and a low target of $5.00, the average target price over the next 12 months is $5.50. Based on these targets, CHS could surge 8.3% to reach the target high and fall by -9.75% to reach the target low. Reaching the average price target will result in a decline of -0.72% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CHS will report FY 2023 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $0.72 being high and $0.71 being low. For CHS, this leads to a yearly average estimate of $0.71. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Chico’s FAS Inc. surprised analysts by $0.18 when it reported $0.28 EPS against a consensus estimate of $0.10. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.24. The average estimate for the next quarter is thus $0.25.
Summary of Insider Activity:
Insiders traded CHS stock several times over the past three months with 7 Buys and 3 Sells. In these transactions, 193,704 shares were bought while 221,520 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 2,195,498 while 1,400,771 shares were sold.