Stock Traders Purchase High Volume of Put Options on Chico’s (CHS)


Chico’s (NYSE:CHS) was the recipient of some unusual options trading on Thursday. Traders bought 5,849 put options on the stock. This represents an increase of 2,962% compared to the average daily volume of 191 put options.

CHS has been the subject of several research reports. Zacks Investment Research downgraded Chico’s from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $12.00 target price (up from $11.00) on shares of Chico’s in a research report on Thursday, March 1st. SunTrust Banks reiterated a “buy” rating and issued a $13.00 target price on shares of Chico’s in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $11.00 target price on shares of Chico’s in a research report on Thursday, March 1st. Finally, ValuEngine downgraded Chico’s from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.92.


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Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Chico’s by 2.0% in the fourth quarter. BlackRock Inc. now owns 16,176,335 shares of the specialty retailer’s stock valued at $142,674,000 after buying an additional 313,418 shares during the period. Millennium Management LLC increased its stake in shares of Chico’s by 161.2% in the fourth quarter. Millennium Management LLC now owns 3,378,419 shares of the specialty retailer’s stock valued at $29,798,000 after buying an additional 2,084,803 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Chico’s by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,089,084 shares of the specialty retailer’s stock valued at $27,247,000 after buying an additional 54,191 shares during the period. Sterling Capital Management LLC increased its stake in shares of Chico’s by 0.6% in the third quarter. Sterling Capital Management LLC now owns 2,495,749 shares of the specialty retailer’s stock valued at $22,337,000 after buying an additional 14,790 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Chico’s by 11.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,248,853 shares of the specialty retailer’s stock worth $19,835,000 after purchasing an additional 232,501 shares during the period. 99.45% of the stock is owned by institutional investors.


Shares of CHS stock opened at $10.82 on Friday. The stock has a market capitalization of $1,352.17, a PE ratio of 15.91, a P/E/G ratio of 1.21 and a beta of 0.79. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.08. Chico’s has a 1-year low of $6.96 and a 1-year high of $14.43.

Chico’s (NYSE:CHS) last issued its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $587.78 million during the quarter, compared to analysts’ expectations of $579.75 million. Chico’s had a return on equity of 13.79% and a net margin of 4.43%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. research analysts predict that Chico’s will post 0.88 earnings per share for the current year.


The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were paid a $0.085 dividend. This is a boost from Chico’s’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.34 annualized dividend and a dividend yield of 3.14%. Chico’s’s dividend payout ratio is presently 50.00%.

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Chico’s Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.