Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Chico's FAS (NYSE: CHS) is trading at unusually high volume Wednesday with 10.8 million shares changing hands. It is currently at four times its average daily volume and trading up $1.16 (+6.8%) at $18.24 as of 2:55 p.m. ET.
Chico's FAS has a market cap of $2.68 billion and is part of the services sector and retail industry. Shares are up 50.8% year to date as of the close of trading on Tuesday. 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 18.7, above the average retail industry P/E ratio of 18 and above 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, solid stock price performance 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
Activist investor Mitarotonda steps up his insurgency campaign at the woman's retailer with a 10-page letter while University of Delaware's Charles Elson raises concerns about a company director nominee