Chico's FAS PT Lowered to $16.00 (CHS)
Equities researchers at Telsey Advisory Group decreased their target price on shares of Chico's FAS (NYSE:CHS) from $17.00 to $16.00 in a research report issued on Thursday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 4.64% from the stock’s previous close.
CHS has been the subject of a number of other recent research reports. Analysts at Maxim Group cut their price target on shares of Chico's FAS from $21.00 to $19.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. Analysts at TheStreet downgraded shares of Chico's FAS from a “buy” rating to a “hold” rating in a research note on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.27.
Chico's FAS (NYSE:CHS) opened at 15.29 on Thursday. Chico's FAS has a 1-year low of $14.80 and a 1-year high of $19.84. The stock’s 50-day moving average is $15.92 and its 200-day moving average is $16.16. The company has a market cap of $2.270 billion and a P/E ratio of 46.17.
Chico's FAS (NYSE:CHS) last released its earnings data on Wednesday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.06. The company had revenue of $671.10 million for the quarter, compared to the consensus estimate of $677.91 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Chico's FAS will post $0.83 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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