Chico's FAS Stock Hits New 52-Week High (CHS)

NEW YORK ( TheStreet) -- Chico's FAS (NYSE: CHS) hit a new 52-week high Tuesday as it is currently trading at $16.10, above its previous 52-week high of $16.07 with 319,045 shares traded as of 10:15 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Chico's FAS has a market cap of $2.63 billion and is part of the services sector and retail industry. Shares are up 40.9% year to date as of the close of trading on Monday.

Chico's FAS, Inc., together with its subsidiaries, operates as a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items in the United States. The company has a P/E ratio of 17.8, above the average retail industry P/E ratio of 17.6 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chico's FAS as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth, good cash flow from operations, increase in stock price during the past year and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Chico's FAS Ratings Report.

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