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Chico's FAS (NYSE:CHS) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

The analysts wrote, “Chico’s FAS (CHS) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.”

Shares of Chico's FAS (NYSE:CHS) traded up 0.46% during mid-day trading on Tuesday, hitting $15.27. The stock had a trading volume of 1,051,596 shares. Chico's FAS has a 52-week low of $14.90 and a 52-week high of $19.84. The stock’s 50-day moving average is $15.78 and its 200-day moving average is $16.97. The company has a market cap of $2.267 billion and a P/E ratio of 43.80.

Chico's FAS (NYSE:CHS) last released its earnings data on Wednesday, May 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. The company had revenue of $681.60 million for the quarter, compared to the consensus estimate of $681.42 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts expect that Chico's FAS will post $0.85 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Chico's FAS from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $16.10 price target on the stock. Analysts at FBR Capital Markets upgraded shares of Chico's FAS from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $19.00 price target on the stock, up previously from $18.00. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $19.28.

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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