Bear Of The Day: Chico’s (CHS)

The retail apocalypse is exploding amid this global pandemic, and no brick-and-mortar business is safe. Chico’s (CHS) is one such business that has not been immune to the COVID driven economic downturn. CHS has lost 85{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} of its value in the past 5 years, and it continues to disappoint investors with an over 55{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} break down so far this year. Sell-side analysts are becoming more pessimistic about this stock and continue to lower expectations pushing this stock down to a Zacks Rank #5 (Strong Sell).

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