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Reap Profits Along With Insiders of Chico’s FAS Inc.

April 09, 2009 | About:

If you are a GuruFocus members and you followed the insiders buys of Chico’s FAS Inc. could have reaped handsome profit lately. The stock price increased 152% since CFO bought the stock back in November 2008.

CHICO'S FAS INC. is a specialty retailer of private label casual clothing and related accessories. Since November 2008, it has seen unusually high insider buying activities. EVP- CFO Kent A Kleeberger has bought a total of 22,000 shares in three transactions since November 26, 2008. He paid $2.51 for his first purchase of 15,000 shares. Other insiders, such as Chief Operation Officer, Chief Information Officer, Brand President, and Directors, all bought shares. Details are in the table:

Insider

Position

Date

Trades

Shares

Trade Price ($)

Change (%)

KLEEBERGER KENT A

EVP- CFO

2009-03-27

Buy

3000

$5.25

20.76

ROEDER ROSS E

Director

2009-03-27

Buy

6000

$5.26

20.53

Jones Jeffrey A

EVP - COO

2009-03-26

Buy

10000

$5.09

24.56

ROEDER ROSS E

Director

2009-03-11

Buy

2000

$4.59

38.13

ROEDER ROSS E

Director

2009-03-06

Buy

2000

$3.99

58.9

MAHONEY JOHN

Director

2009-03-04

Buy

25000

$4.38

44.75

NOCE COLACO DONNA

Brand President WH|BM

2008-12-12

Buy

4000

$3.36

88.69

KING GARY

EVP- Chief Information Officer

2008-12-12

Buy

3000

$3.4

86.47

KLEEBERGER KENT A

EVP- CFO

2008-12-09

Buy

4000

$3.45

83.77

KLEEBERGER KENT A

EVP- CFO

2008-11-26

Buy

15000

$2.51

152.59



Back in 2004 to 2005 period, Chico’s FAS’s business was on fires. It ranked 26 and 51 for 2004 and 2005 respectively as one of the Fortune’s “Fastest Growing Companies”. Revenue and earning was growing at a fast pace until after 2006.



It was a Wall Street darling too. In the early 2006, its stock price climbed as high as $48. It has been down hill since them. It reached a low of less than $2 per share in November of 2008. That is when the insiders started the buying spree.



Today CHS is traded $6.76 per share, up 42 cents. Chico’s FAS is still at the low points of evaluation, but less so than back in November, when the CFO started to buy. All the insiders purchased the stock recently have made handsome profit from their trades.

Become a member, you could reap profits with Chico's FAS Insiders as well.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Rating: 2.1/5 (7 votes)

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