Zacks Investment Research upgraded shares of Chico’s FAS, Inc. (NYSE:CHS) from a sell rating to a hold rating in a research report report published on Tuesday.
According to Zacks, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets. “
A number of other research analysts have also recently commented on CHS. Jefferies Group LLC reiterated a hold rating and issued a $8.00 price objective (up from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. Royal Bank Of Canada reiterated a buy rating and issued a $12.00 price objective on shares of Chico’s FAS in a report on Thursday, August 17th. BidaskClub cut Chico’s FAS from a hold rating to a sell rating in a report on Saturday, August 12th. SunTrust Banks, Inc. set a $12.00 price objective on Chico’s FAS and gave the company a buy rating in a report on Monday, October 16th. Finally, FBR & Co reiterated a buy rating and issued a $14.00 price objective on shares of Chico’s FAS in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Chico’s FAS presently has a consensus rating of Hold and a consensus price target of $11.69.
Shares of Chico’s FAS (NYSE:CHS) opened at $7.63 on Tuesday. The company has a market capitalization of $1.00 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.09 and a beta of 0.69. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.
Chico’s FAS (NYSE:CHS) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The company had revenue of $578.60 million for the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. analysts predict that Chico’s FAS will post 0.64 EPS for the current year.
Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Chico’s FAS by 6.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after purchasing an additional 473 shares in the last quarter. Parkwood LLC acquired a new position in Chico’s FAS during the second quarter worth $102,000. Flinton Capital Management LLC lifted its stake in Chico’s FAS by 85.7% during the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after purchasing an additional 6,356 shares in the last quarter. UBS Group AG increased its position in shares of Chico’s FAS by 6.2% during the first quarter. UBS Group AG now owns 13,845 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 808 shares during the period. Finally, Welch & Forbes LLC purchased a new stake in shares of Chico’s FAS during the second quarter worth $133,000.
Chico’s FAS Company Profile
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.
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