Chico’s FAS, Inc. (CHS) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of Chico’s FAS, Inc. (NYSE:CHS) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other research firms also recently weighed in on CHS. Jefferies Group LLC set a $14.00 target price on Chico’s FAS and gave the company a hold rating in a report on Thursday, May 4th. Royal Bank Of Canada set a $16.00 target price on Chico’s FAS and gave the company a buy rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded Chico’s FAS from a hold rating to a sell rating in a report on Thursday, May 18th. Wolfe Research downgraded Chico’s FAS from an outperform rating to a market perform rating in a report on Thursday, May 25th. Finally, Telsey Advisory Group lowered their target price on Chico’s FAS from $15.00 to $12.00 and set a market perform rating on the stock in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $13.43.

Shares of Chico’s FAS (NYSE:CHS) opened at 7.75 on Friday. Chico’s FAS has a 1-year low of $7.74 and a 1-year high of $16.85. The stock’s 50 day moving average price is $8.93 and its 200-day moving average price is $11.72. The company has a market capitalization of $976.89 million, a PE ratio of 10.81 and a beta of 0.66.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by $0.03. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The business had revenue of $583.70 million for the quarter, compared to analysts’ expectations of $624.75 million. During the same period last year, the business earned $0.25 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. On average, equities analysts predict that Chico’s FAS will post $0.79 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.com-unik.info/2017/08/16/chicos-fas-inc-chs-downgraded-by-bidaskclub-to-sell.html.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be issued a $0.0825 dividend. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Friday, September 8th. Chico’s FAS’s dividend payout ratio (DPR) is 46.48%.

In related news, Director Ross E. Roeder sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $9.50, for a total transaction of $47,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ross E. Roeder sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $9.75, for a total value of $97,500.00. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Chico’s FAS by 21.4% in the second quarter. Vanguard Group Inc. now owns 15,134,008 shares of the specialty retailer’s stock worth $142,563,000 after buying an additional 2,671,543 shares in the last quarter. BlackRock Inc. raised its stake in shares of Chico’s FAS by 21,451.3% in the first quarter. BlackRock Inc. now owns 13,414,812 shares of the specialty retailer’s stock worth $190,490,000 after buying an additional 13,352,566 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Chico’s FAS by 37.4% in the first quarter. Wellington Management Group LLP now owns 8,743,445 shares of the specialty retailer’s stock worth $124,158,000 after buying an additional 2,379,362 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Chico’s FAS by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 8,168,254 shares of the specialty retailer’s stock worth $76,945,000 after buying an additional 562,990 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Chico’s FAS by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,333,568 shares of the specialty retailer’s stock worth $69,082,000 after buying an additional 542,757 shares in the last quarter.

About Chico’s FAS

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

What are top analysts saying about Chico's FAS Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Chico's FAS Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit