Chico's FAS Given Average Recommendation of “Buy” by Brokerages (NYSE:CHS)
Chico's FAS (NYSE:CHS) has received an average rating of “Buy” from the thirteen analysts that are presently covering the company, American Banking & Market News reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $19.60.
Chico's FAS (NYSE:CHS) opened at 15.80 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 $15.85 and its 200-day moving average is $16.16. The company has a market cap of $2.349 billion and a P/E ratio of 60.15. Chico's FAS also saw unusually large options trading on Friday. Stock investors purchased 2,478 put options on the company. This represents an increase of approximately 323% compared to the average volume of 586 put options.
Chico's FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.27 earnings per share. Chico's FAS’s revenue was up 3.3% compared to the same quarter last year. Analysts expect that Chico's FAS will post $0.71 EPS for the current fiscal year.
A number of research firms have recently commented on CHS. Analysts at Telsey Advisory Group cut their price target on shares of Chico's FAS from $17.00 to $16.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, 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. Finally, 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.
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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