Chico’s FAS Upgraded by Jefferies Group to Buy (CHS)
Chico’s FAS (NYSE:CHS) was upgraded by equities researchers at Jefferies Group from a “hold” rating to a “buy” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $23.00 price target on the stock, up from their previous price target of $17.00. Jefferies Group’s price target would indicate a potential upside of 22.08% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Chico’s FAS from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a $19.10 price target on the stock. Separately, analysts at Mizuho initiated coverage on shares of Chico’s FAS in a research note to investors on Friday, November 15th. They set a “neutral” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Chico’s FAS in a research note to investors on Monday, November 11th. They set a “neutral” rating on the stock. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Chico’s FAS presently has a consensus rating of “Buy” and a consensus target price of $20.08.
Chico’s FAS (NYSE:CHS) traded up 2.92% during mid-day trading on Thursday, hitting $19.39. The stock had a trading volume of 3,848,763 shares. Chico’s FAS has a 52 week low of $15.27 and a 52 week high of $19.95. The stock has a 50-day moving average of $18.45 and a 200-day moving average of $17.04. The company has a market cap of $3.010 billion and a P/E ratio of 31.40.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.02. The company had revenue of $655.60 million for the quarter, compared to the consensus estimate of $662.70 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Chico’s FAS will post $0.98 EPS for the current fiscal year.
Chico’s FAS, Inc is a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items under the Chico’s, White House / Black Market (NYSE:CHS) and Soma Intimates (Soma) brand names.
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