Checking in on Chico’s FAS Inc. (CHS) after recent insiders movement


Chico’s FAS Inc.’s recently made public that its Director Brooks Bonnie R. unloaded Company’s shares for reported $0.44 million on Mar 16. In the deal valued at $6.28 per share,69,600 shares were sold. As a result of this transaction, Brooks Bonnie R. now holds 704,640 shares worth roughly $ 3.34 million.

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Then, Brooks Bonnie R. sold 30,400 shares, generating $186,960 in total proceeds. Upon selling the shares at $6.15, the Director now owns 774,240 shares.

Before that, Brooks Bonnie R. sold 100,000 shares. Chico’s FAS Inc. shares valued at $575,000 were divested by the Director at a price of $5.75 per share. As a result of the transaction, Brooks Bonnie R. now holds 892,527 shares, worth roughly $4.23 million.

B. Riley Securities initiated its Chico’s FAS Inc. [CHS] rating to a Buy in a research note published on Tuesday, March 30, 2023; the price target was $9.25. PT values the company’s stock at a premium of 48.76 to its Tuesday closing price.

Price Performance Review of CHS

On Tuesday, Chico’s FAS Inc. [NYSE:CHS] saw its stock fall -5.95% to $4.74. On the same session, the stock had its day’s lowest price of $4.73, but rose to a high of $4.97. Over the last five days, the stock has lost -7.42%. Chico’s FAS Inc. shares have fallen nearly -3.66% since the year began. Nevertheless, the stocks have fallen -13.50% over the past one year. While a 52-week high of $7.30 was reached on 03/03/23, a 52-week low of $4.33 was recorded on 01/19/23. SMA at 50 days reached $5.55, while 200 days put it at $5.40. A total of 2.6 million shares were traded, compared to the trading of 2.82 million shares in the previous session.

Levels Of Support And Resistance For CHS Stock

The 24-hour chart illustrates a support level at 4.66, which if violated will result in even more drops to 4.57. On the upside, there is a resistance level at 4.90. A further resistance level may holdings at 5.05. The Relative Strength Index (RSI) on the 14-day chart is 29.72, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.01%. Stochastics %K at 10.09% indicates the stock is a buying.

How much short interest is there in Chico’s FAS Inc.?

A steep rise in short interest was recorded in Chico’s FAS Inc. stocks on Aug 14, 2023, growing by 0.23 million shares to a total of 10.64 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 10.41 million shares. There was a rise of 2.16%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.28% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.87.

Chico’s FAS Inc. [CHS] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 19,640,166 shares, or roughly 15.91% of the outstanding CHS shares. In other words, the investor’s shares have fallen by -586,957 from its previous 13-F filing of 20227123.0. Additionally, The Vanguard Group, Inc. increased 0.45% of its stake after which the total value it holdings stand at $53,942,995, while Dimensional Fund Advisors LP added 11.67% of its stake to hold $35.33 million in the firm. Over the last quarter, Global Alpha Capital Management L sold -138,100 shares of Chico’s FAS Inc., while SSgA Funds Management, Inc. sold 3,396 shares. At present, Pacer Advisors, Inc. is holding 5,306,221 shares valued at $32.37 million. Renaissance Technologies LLC owned 5,195,600 shares of the company at the time of its most recent 13F filing, worth $31.69 million.

According to FactSet, Chico’s FAS Inc.’s share price will average $6.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.55 percent from its previous closing price of $5.04. Analysts expect Chico’s FAS Inc. stock to reach the higher price of $7.25, while the lowest price estimate is $6.00. However, 2 analysts have rated CHS stock as an Overweight in their predictions for 2023.


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