Chico's FAS Inc. (CHS): Today's Featured Retail Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Chico's FAS ( CHS) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Chico's FAS fell $1.53 (-8.5%) to $16.47 on heavy volume. Throughout the day, 15,108,331 shares of Chico's FAS exchanged hands as compared to its average daily volume of 2,058,600 shares. The stock ranged in price between $16.08-$17.00 after having opened the day at $16.76 as compared to the previous trading day's close of $18.00. Other companies within the Retail industry that declined today were: dELiA*s ( DLIA), down 16.7%, BioScrip ( BIOS), down 12.3%, Roundys ( RNDY), down 8.9% and Sears Hometown & Outlet Stores ( SHOS), down 5.0%.

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. Chico's FAS has a market cap of $2.8 billion and is part of the services sector. Shares are down 4.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Chico's FAS a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Chico's FAS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, E-Commerce China Dangdang ( DANG), up 31.9%, J.C. Penney ( JCP), up 25.3%, Wet Seal ( WTSL), up 10.7% and Vitacost.com ( VITC), up 10.7% , were all gainers within the retail industry with Walgreen Company ( WAG) being today's featured retail industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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