ADVFN - Advanced Financial Network.
HOME» NYSE » C » CHS Stock Price » CHS Stock News

Chicos F a S Share News

 Chicos Fas Stock Price
CHS Stock Price
 Chicos Fas Stock Chart
CHS Stock Chart
 Chicos Fas Stock News
CHS Stock News
 Chicos Fas Company Information
CHS Company Information
 Chicos Fas Stock Trades
CHS Stock Trades

Retail Stocks Are Showing Rise For 1Q, But Momentum Is Waning

By Karen Talley Of Dow Jones Newswires NEW YORK -(Dow Jones)- Reflecting continued optimism about the U.S. economy, retail stocks are on pace to mark their third quarterly gain in a row. The advance would contribute to their almost doubling in price since a low at the end of 2008 as retailers licked their wounds from a terrible holiday selling season. But the stocks' momentum is slowing, with the Standard & Poor' Retail Index up 1.4% for the first quarter, after an 11% rise in the prior quarter and a 19% advance in the last year's third quarter. The retail index is also lagging the 5.6% first quarter advance being seen by the broader market Standard & Poor's 500 Index. The first quarter ends at the close of trading Thursday. Still, the upward move by retail stocks reflects how investors are feeling about conditions in the U.S. since retailers' own fortunes are so closely tied to consumer spending. The stocks' trajectory "speaks well for sentiment against a double-dip recession," said Sahk Manuelian, managing director of trading at Wedbush Securities. "The economy is trying to get well and people are starting to spend again, especially on the high end." Lower-end retailers' shares have also been elevated, by takeover chatter, which is another positive indicator, Manuelian said. "People feel that things are still priced inappropriately low and that is why you are seeing private equity come in." Retailers have recovered sharply from the worst recession in over a generation, with many posting very strong results last year that were reflected in reports issued during the current quarter. The first quarter's big gainer is Big Lots Inc. (BIG), up 42% amid ongoing takeover speculation during the period. 99 Cents Only Stores (NDN), another takeover candidate, rose 23% during the first quarter. Chico's FAS Inc. (CHS), Jos. A Bank Clothiers Inc. (JOSB) and Tractor Supply Co. (TSCO) were also double digit percentage risers in the first quarter. Target Corp. (TGT), Barnes & Noble, OfficeMax Inc. (OMX) and RadioShack Corp. (RSH) all fell 16% or more over the period. Wal-Mart Stores Inc. (WMT), which is not in the index, but is the biggest retailer in the U.S., dropped roughly 3.5% in the first quarter. The retailer is trying to bring domestic operations back up to speed after U.S. same-store sales have fallen seven quarters in a row. As the quarter wraps up on Thursday, the S&P Retail Index is finishing the session to the downside, off 0.6%. Barnes & Noble Inc. (BKS), J.C. Penney Co. (JCP) and Best Buy Co. (BBY) are all down more than 2%. Zumiez Inc. (ZUMZ), Abercrombie & Fitch Co. (ANF) and Williams-Sonoma Inc. (WSN) lead the advancers with gains of at least 1.5% on Thursday. -By Karen Talley, Dow Jones Newswires; 212-416-2196; [email protected]

Stock News for Chicos F a S (CHS)
02/10/201708:40:47Amended Statement of Ownership (sc 13g/a)
02/09/201710:06:13Schedule 13g
02/07/201710:43:33Amended Statement of Ownership (sc 13g/a)
02/06/201717:16:14Current Report Filing (8-k)
02/06/201712:01:00Chico's FAS, Inc. Announces Fourth Quarter Sales and Earnings...
01/27/201710:41:17Statement of Ownership (sc 13g)
01/12/201711:27:36Amended Statement of Ownership (sc 13g/a)
01/03/201717:09:46Statement of Changes in Beneficial Ownership (4)
01/03/201717:09:22Statement of Changes in Beneficial Ownership (4)
12/21/201616:55:37Statement of Changes in Beneficial Ownership (4)
12/13/201617:19:44Statement of Changes in Beneficial Ownership (4)
12/12/201610:11:12Amended Statement of Ownership (sc 13g/a)
12/09/201612:40:50Amended Statement of Ownership (sc 13g/a)
12/08/201617:06:00Statement of Changes in Beneficial Ownership (4)
12/05/201617:15:54Statement of Changes in Beneficial Ownership (4)
12/05/201617:14:10Statement of Changes in Beneficial Ownership (4)
12/05/201617:11:06Statement of Changes in Beneficial Ownership (4)
11/28/201617:17:35Initial Statement of Beneficial Ownership (3)
11/28/201616:36:50Statement of Changes in Beneficial Ownership (4)
11/23/201611:35:47Current Report Filing (8-k)

Chicos F a S and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations