FBR Capital Markets Increases Chico’s FAS Price Target to $18.00 (CHS)
Stock analysts at FBR Capital Markets lifted their price objective on shares of Chico’s FAS (NYSE:CHS) from $16.00 to $18.00 in a report issued on Tuesday, ARN reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective would suggest a potential downside of 5.66% from the company’s current price.
Shares of Chico’s FAS (NYSE:CHS) traded down 0.47% on Tuesday, hitting $19.08. The stock had a trading volume of 1,772,736 shares. Chico’s FAS has a 52-week low of $15.27 and a 52-week high of $19.95. The stock’s 50-day moving average is $18. and its 200-day moving average is $17.12. The company has a market cap of $2.962 billion and a price-to-earnings ratio of 31.95.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Tuesday, November 26th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue 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.
A number of other firms have also recently commented on CHS. Analysts at Jefferies Group upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. They now have a $23.00 price target on the stock, up previously from $17.00. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $20.47.
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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