Short Interest Runner: After Reaching Milestone, Is Chicos Fas Incorporated (NYSE:CHS)’s Short Interest Revealing Something?

November 29, 2016 - By Richard Conner   ·   0 Comments

Short Interest Runner: After Reaching Milestone, Is Chicos Fas Incorporated (NYSE:CHS)’s Short Interest Revealing Something?

The stock of Chicos Fas Incorporated (NYSE:CHS) registered an increase of 10.9% in short interest. CHS’s total short interest was 9.21 million shares in November as published by FINRA. Its up 10.9% from 8.30 million shares, reported previously. With 1.41 million shares average volume, it will take short sellers 7 days to cover their CHS’s short positions. The short interest to Chicos Fas Incorporated’s float is 7.86%. About 663,922 shares traded hands. Chico’s FAS, Inc. (NYSE:CHS) has risen 16.93% since April 26, 2016 and is uptrending. It has outperformed by 11.67% the S&P500.

Chico’s FAS, Inc. is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market and Soma brand names. The company has a market cap of $1.93 billion. The Company’s brands are specialty retailers of private label women’s apparel and related products. It has a 34.8 P/E ratio. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico.

Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.03, from 1.02 in 2016Q1. The ratio increased, as 31 funds sold all Chico’s FAS, Inc. shares owned while 65 reduced positions. 23 funds bought stakes while 75 increased positions. They now own 113.89 million shares or 7.72% less from 123.41 million shares in 2016Q1.
Alexandria Capital Lc last reported 0% of its portfolio in the stock. First Manhattan holds 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS) for 115 shares. Deutsche Bank & Trust Ag holds 0.01% or 775,940 shares in its portfolio. Commercial Bank Of Mellon Corporation holds 3.16M shares or 0.01% of its portfolio. Loomis Sayles And L P, a Massachusetts-based fund reported 203 shares. Pacad Investment Limited accumulated 0.14% or 94,019 shares. State Treasurer State Of Michigan accumulated 53,200 shares or 0% of the stock. Louisiana State Employees Retirement has 35,300 shares for 0.02% of their US portfolio. Ngam Ltd Partnership holds 0.01% or 46,970 shares in its portfolio. The United Kingdom-based Gsa Cap Prtn Llp has invested 0.02% in Chico’s FAS, Inc. (NYSE:CHS). Weaver C Barksdale And has invested 0.02% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Asset Corporation has 900 shares for 0% of their US portfolio. Hap Trading Ltd Llc reported 32,702 shares or 0.02% of all its holdings. Skyline Asset Lp last reported 0.81% of its portfolio in the stock. Schaper Benz And Wise Inv Counsel Wi reported 16,600 shares or 0.03% of all its holdings.

Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 2 insider sales for $489,154 net activity. On Wednesday, November 23 ROEDER ROSS E sold $235,800 worth of the stock or 15,000 shares. $253,354 worth of Chico’s FAS, Inc. (NYSE:CHS) was sold by Murray Cynthia on Thursday, September 1.

Chico’s FAS, Inc. (NYSE:CHS) Ratings Coverage

Out of 18 analysts covering Chico’s FAS (NYSE:CHS), 8 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 44% are positive. Chico’s FAS has been the topic of 31 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Friday, May 27 the stock rating was maintained by Mizuho with “Buy”. The stock of Chico’s FAS, Inc. (NYSE:CHS) has “Buy” rating given on Friday, May 27 by Suntrust Robinson. RBC Capital Markets maintained Chico’s FAS, Inc. (NYSE:CHS) on Wednesday, November 25 with “Outperform” rating. The firm has “Buy” rating by Brean Capital given on Wednesday, August 19. The firm has “Buy” rating by Brean Capital given on Wednesday, November 25. The firm has “Peer Perform” rating by Wolfe Research given on Tuesday, August 18. The rating was initiated by Citigroup on Wednesday, October 7 with “Neutral”. Telsey Advisory Group maintained Chico’s FAS, Inc. (NYSE:CHS) on Wednesday, November 23 with “Market Perform” rating. Telsey Advisory Group maintained Chico’s FAS, Inc. (NYSE:CHS) on Friday, May 27 with “Market Perform” rating. The rating was downgraded by Nomura to “Neutral” on Wednesday, November 16.

CHS Company Profile

Chico’s FAS, Inc., incorporated on December 1, 1983, is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico. The Firm operates approximately 1,520 stores across over 50 states, Puerto Rico, the United States Virgin Islands and Canada, and sold merchandise through over 40 franchise locations in Mexico. The Company’s boutiques are located in upscale outdoor shopping areas, indoor shopping malls, and street-front locations. The Company’s outlet stores are located in outlet centers. It also sells clearance merchandise on its Websites.

More important recent Chico’s FAS, Inc. (NYSE:CHS) news were published by: Fool.com which released: “Here’s Why Chico’s FAS, Inc. Shares Are Surging Now” on November 22, 2016, also Prnewswire.com published article titled: “Chico’s FAS, Inc. Announces Appointment of Diane Ellis as President of its …”, Investorplace.com published: “Chico’s FAS, Inc. (CHS) Stock Hits 52-Week High” on November 14, 2016. More interesting news about Chico’s FAS, Inc. (NYSE:CHS) was released by: Fool.com and their article: “Why Chico’s FAS, Inc. Stock Popped Today” with publication date: August 31, 2016.

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By Richard Conner


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