Chico’s FAS (CHS) is Downgraded by Jefferies to Hold

Chico’s FAS (CHS) is Downgraded by Jefferies to Hold , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Chicos FAS Inc. has dropped 30.28% during the last 3-month period . Year-to-Date the stock performance stands at -32.81%.The company shares have dropped -33.02% from its 1 Year high price. On Feb 11, 2015, the shares registered one year high at $18.98 and the one year low was seen on Dec 28, 2015. The 50-Day Moving Average price is $11.79 and the 200 Day Moving Average price is recorded at $14.47.

Chicos FAS, Inc. (NYSE:CHS) has lost 2.47% during the past week and dropped 10.11% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.65%. Chicos FAS, Inc. (NYSE:CHS) has underperformed the index by 8.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Chicos FAS, Inc. (NYSE:CHS) ended Thursday session in red amid volatile trading. The shares closed down 0.04 points or 0.37% at $10.67 with 1,677,474 shares getting traded. Post opening the session at $10.67, the shares hit an intraday low of $10.55 and an intraday high of $10.87 and the price vacillated in this range throughout the day. The company has a market cap of $1,487 million and the number of outstanding shares have been calculated to be 139,401,310 shares. The 52-week high of Chicos FAS, Inc. (NYSE:CHS) is $18.98 and the 52-week low is $10.55.

Currently the company Insiders own 3% of Chicos FAS, Inc. shares according to the proxy statements. Institutional Investors own 93.28% of Chicos FAS, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -4.22%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director officer (President and CEO), of Chicos Fas Inc, Dyer David had unloaded 50,000 shares at $17.02 per share in a transaction on September 16, 2015. The total value of transaction was $851,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Chicos FAS, Inc. is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chicos, White House / Black Market (WH/BM) and Soma Intimates (Soma) brand names. The Chicos brand primarily sells designed, private branded clothing focusing on women 30 and over. The WHBM brand offers feminine and alternative to designer fashion selling fashionable and clothing and accessory items, primarily in black and white and related shades with seasonal color splashes. The Soma brand sells designed private branded lingerie, loungewear and beauty products women who are 35 years old and over. It also produces catalogs and operates e-commerce Websites and a call center that sell its merchandise nationally and internationally. The Boston Proper brand s an online and catalog based retailer of womens high end apparel and accessories. On September 19, 2011, it acquired Boston Proper, Inc. (Boston Proper).