Chico's FAS Inc. was a big mover last session, as the company saw its shares rise over 12% on the day. The upside was driven by the company’s announcement of better-than-expected quarterly earnings along with a major cost-cutting initiative. This resulted in solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the near-flat price range of $11.23 to $11.90 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate moved lower over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Chico's FAS currently carries a Zacks Rank #3 (Hold).

CHICOS FAS INC Price

 

CHICOS FAS INC Price | CHICOS FAS INC Quote

A better-ranked stock in the same industry is The Children's Place, Inc. (PLCE Quick QuotePLCE - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

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