Maxim says $19 fair price for Chico's shares in going private deal Maxim believes that $19 is a fair price for Chico's shares in a going private transaction. The firm says closing large numbers of stores is often easier for private retailers than for those traded publicly. Maxim lowered its price target for Chico's shares to $19 from $21 and keeps a Buy rating on the name. Yesterday Financial Times reported that Chico's is considering a sale to private equity.
Chico's FAS December volatility elevated into Q3 and outlook Chico's FAS Devices December call option implied volatility is at 43, January is at 38, February is at 31; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 25.