3.7200 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||3.7200 x 4000|
|Ask||3.7300 x 900|
|Day's Range||3.6800 - 3.7800|
|52 Week Range||3.3000 - 10.4400|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||13.29|
|Earnings Date||Jun 11, 2019|
|Forward Dividend & Yield||0.35 (10.00%)|
|1y Target Est||5.06|
Chico's FAS Dedicates New Neighborhood and its 50th and 51st Sponsored Habitat Homes at Special Ceremony Today FORT MYERS, Fla. , May 21, 2019 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) and Habitat ...
FORT MYERS, Fla. , May 21, 2019 /PRNewswire/ -- Women's specialty retailer Chico's FAS, Inc. (NYSE: CHS) (the "Company") will host a conference call with security analysts on Tuesday, June 11, ...
Women's apparel retailer Chico's FAS Inc said on Thursday it had rejected private equity firm Sycamore Partners LP's offer to take the company private in a deal valued at $407.8 million. The company said Sycamore's offer of $3.50 per share substantially undervalued the retailer, known for its Soma brand of women's intimate apparel. Chico's had earlier said it had rejected a higher $4.30 per share offer from Sycamore, which owns a 6.6% stake in the company.
FORT MYERS, Fla., May 16, 2019 /PRNewswire/ -- Chico's FAS, Inc. (CHS) (the "Company") today announced that its Board of Directors (the "Board") has unanimously rejected the unsolicited proposal received from Sycamore Partners on May 10, 2019 to acquire the Company for $3.50 per share in cash. After reviewing the proposal in consultation with its independent financial and legal advisors, the Chico's FAS Board determined that Sycamore's proposal substantially undervalues Chico's FAS and is not in the best interests of Chico's FAS shareholders.
Struggling women’s apparel merchant Chico’s FAS Inc. now has a potential lifeline -- which it may throw back. The retailer said Friday it would review an unsolicited buyout bid from Sycamore Partners, the owner of office supply giant Staples Inc. and department-store chain Belk, noting that it had previously rejected a higher offer from the private equity company. Chico’s is part of a hard-hit category that targets mature women.
A Friday filing from Chico's Fas Inc. includes a bid from Sycamore Partners to acquire all outstanding shares of the clothing and accessories retailer for $3.50 per share. Sycamore Partners currently owns a 6.6% stake in Chico's, which has a market cap of $431.0 million. Chico's shares closed Thursday at $3.70 per share. "We believe that engaging with us so we can perform our due diligence has the benefit of creating alternatives for the company's stockholders," Sycamore said in its letter. "Given the rate and severity of the deterioration of the company's business, we believe that it is in the best interests of all stockholders for the board to create those options." Chico's shares have sunk more than 57% over the past year while the SPDR S&P Retail ETF has gained 4.6% and the S&P 500 index is up 5.6%. In January, Chico's announced that it was closing 250 stores and guided for a fourth-quarter sales decline. Sycamore said it can finance the entirety of the deal without third-party financing and complete the transaction and due diligence within 60 days. Chico's confirmed receipt of the offer and says it will review it, noting that it has received an offer from Sycamore for $4.30 that was rejected as the board thought it undervalued the company. Chico's stock is up 10.3% in Friday trading.
FORT MYERS, Fla., May 10, 2019 /PRNewswire/ -- Chico's FAS, Inc. (CHS) (the "Company"), today confirmed that it has received an unsolicited proposal from Sycamore Partners ("Sycamore") to acquire the Company for $3.50 per share in cash. Consistent with its fiduciary duties and following consultation with its independent financial and legal advisors, the Chico's FAS Board of Directors (the "Board") will carefully review the proposal to determine the course of action that it believes is in the best interests of Chico's FAS shareholders. Chico's FAS shareholders do not need to take any action at this time.
Sycamore Partners LP said on Friday struggling women's apparel retailer Chico's FAS Inc has declined to engage with the private equity firm on its cash offer to buy the company for $407.8 million. In an SEC filing, Sycamore disclosed a 6.6% stake in the company, making it the fourth largest shareholder in Chico's. The private equity had offered about $3.50 per Chico's share, a discount of 5.4% to the company's Thursday close. Chico's FAS, which is known for its Soma brand of women's intimate apparels, operates more than 1,000 stores in the United States and Canada and also sells its merchandise online.
Honorees to be Inducted at The CIO 100 Symposium and Awards FORT MYERS, Fla. , May 7, 2019 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) proudly announces Ann Joyce , EVP & Chief Customer Officer, Technology, ...
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter. NASDAQ and Russell 2000 indices were already in correction territory. More importantly, Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by nearly 7 percentage points in the fourth quarter. Hedge funds and institutional […]
FORT MYERS, Fla. , April 26, 2019 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) today announced that its Board of Directors declared a quarterly cash dividend of $0.0875 per share of its common stock, ...
Chico's FAS Inc. shares rose 3.3% in Wednesday trading after it announced Shelley Broader is stepping down as president, CEO and board member, effective immediately. She had been with the company for 3 1/2 years. Bonnie Brooks, a current member of the company's board and previous CEO of Hudson's Bay Co. , has been named interim chief executive. Chico's has hired outside help from Herbert Mines Associates to find a permanent chief executive. Chico's stock has slumped 63% over the last year while the S&P 500 index has gained 11.3% for the period.
FORT MYERS, Fla., April 24, 2019 /PRNewswire/ -- Chico's FAS, Inc. (CHS) (the "Company") today announced that Bonnie Brooks, former Vice Chair, President and CEO of Hudson's Bay Company and a current member of the Chico's FAS Board of Directors, has been appointed Interim CEO of the Company, effective immediately. This appointment follows the resignation of Shelley Broader from her roles as CEO and President, and as member of the Board.
Today we are going to look at Chico's FAS, Inc. (NYSE:CHS) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how eff...
Chico's FAS Inc. will launch a new women's intimates brand, TellTale, online on April 24. The collection will include six bra styles along with matching panties. Bra sizing will range from 32A to 40DD and pricing will go from $39 to $49 in most cases. The collection was created with women ages 25 to 40 in mind, according to a spokesperson. Chico's shares have sunk 29.3% in 2019 while the S&P 500 index has gained 15% for the period.
FORT MYERS, Fla., April 10, 2019 /PRNewswire/ -- Chico's FAS, Inc. (CHS) today announced the upcoming launch of its newest brand, TellTale™, an intimate apparel collection targeting women ages 25 to 40. Launching as a digital-first brand, TellTale™ is designed to intrigue customers looking for intimate apparel that is sensual and lets them express their distinct personality. "TellTale™ enables us to capitalize on our intimate's infrastructure with core, proven expertise already in place, addressing a true white space in a growing market," said Shelley Broader, CEO and President of Chico's FAS. "TellTale™ allows us to target new customers and offer them a different experience than what we offer through our Soma® brand intimate apparel," said Mary van Praag, President of the Intimate Apparel Group at Chico's FAS, which includes Soma® and now TellTale™.
While that growth should entice any retailer, Chico's is one of a growing number of clothing brands treading carefully. From Nike Inc and Under Armour Inc to Lands' End Inc and Levi Strauss & Co, major brands are distributing clothing and accessories directly through Amazon.com, attracted by more than 100 million members of Amazon's loyalty club Prime and its advanced delivery network. The risk in this relationship, according to interviews with retailers and industry analysts, comes if Amazon uses real-time data from customer purchases to help it quickly build out its own private label clothing brands, and ends up stealing market share from its current retail partners.
FORT MYERS, Fla., April 3, 2019 /PRNewswire/ -- Chico's FAS, Inc. (CHS) and its family of brands, Chico's®, White House Black Market® and Soma®, announce their 2019 Spring campaign, partnering with Habitat for Humanity International to bring awareness to the issue of affordable homeownership for women and their families. According to Habitat, nearly 19 million U.S. households spend more than half of their paychecks on housing costs, creating a burden that often requires families to make difficult choices between their housing, healthcare, education and transportation. This year the multi-faceted Spring campaign will support Habitat for Humanity's Home is the Key campaign and the national Women Build program, impacting communities across the nation.
FORT MYERS, Fla., March 8, 2019 /PRNewswire/ -- Chico's FAS, Inc. (CHS) is today celebrating International Women's Day with special events that promote and celebrate women empowerment and the Company's commitment to diversity, equity and inclusion. The Company also announced that in recognition of its accomplishments in these areas, Chico's FAS been named one of the 2019 NAFE Top Companies for Executive Women by the National Association for Female Executives in partnership with Working Mother.
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