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Chico's (CHS) in Focus: Stock Jumps 8.4%

Zacks Equity Research

Chico’s FAS Inc. (CHS) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.65 to $16.56 in the past one-month time frame.
The company has seen one negative estimate revision in the past month. The Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Chico’s FAS currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Other better-ranked stocks in the apparel industry include Foot Locker, Inc. (FL), Esprit Holdings Ltd. (ESPGY), Belle International Holdings Limited (BELLY).

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CHICOS FAS INC (CHS): Free Stock Analysis Report

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