Chico’s FAS Inc. (NYSE:CHS) shares, rose in value on Thursday, August 04, with the stock price up by 3.16% to the previous day’s close as strong demand from buyers drove the stock to $5.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.54, falling within a range of $5.349 and $5.57. The value of beta (5-year monthly) is 1.28 whereas the PE ratio is 7.59 over 12-month period. Referring to stock’s 52-week performance, its high was $7.19, and the low was $3.80. On the whole, CHS has fluctuated by 5.52% over the past month.
With the market capitalization of Chico’s FAS Inc. currently standing at about $701.53 million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 28, 2022 – Mar 04, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.25, which is expected to increase to $0.11 for fiscal year $0.71 and then to about $0.79 by fiscal year 2024. Data indicates that the EPS growth is expected to be 91.90% in 2024, while the next year’s EPS growth is forecast to be 11.30%.
Analysts have estimated the company’s revenue for the quarter at $543.9 million, with a low estimate of $542.8 million and a high estimate of $545 million. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $2.15 billion, representing an increase of 18.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CHS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.76, with the price of CHS currently trading nearly 9.50% and 10.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.32, while the 7-day volatility ratio is showing 5.23% which for the 30-day chart, stands at 4.67%. Furthermore, Chico’s FAS Inc. (CHS)’s beta value is 1.24, and its average true range (ATR) is 0.27.
A comparison of Chico’s FAS Inc. (CHS) with its peers suggests the former has fared considerably weaker in the market. CHS showed an intraday change of 3.16% in today’s session so far, and over the past year, it shrunk by -11.22%%. In comparison, Bath & Body Works Inc. (BBWI) has moved lower at -1.45% today and is down -40.44% over the past 12 months. Additionally, there is a loss of -0.68% for The Cato Corporation (CATO) in recent trading while the stock has seen an overall depriciation of -26.02%% over the past year. The PE ratio stands at 7.59 for Chico’s FAS Inc., compared to 8.99 for Bath & Body Works Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.15%. Meanwhile, the Dow Jones Industrial Slipped by -0.21%.
Data on historical trading for Chico’s FAS Inc. (NYSE:CHS) indicates that the trading volumes over the past 10 days have averaged 2.28 million and over the past 3 months, they’ve averaged 2.62 million. According to company’s latest data on outstanding shares, there are 118.99 million shares outstanding.
Nearly 3.70% of Chico’s FAS Inc.’s shares belong to company insiders and institutional investors own 83.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.1 million shares as on Jul 14, 2022, resulting in a short ratio of 4.13. According to the data, the short interest in Chico’s FAS Inc. (CHS) stood at 8.07% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 11.16 million. The stock has risen by 2.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHS stock heading into the next quarter.