Chico's FAS Downgraded by Maxim Group to Hold (CHS)
Chico's FAS (NYSE:CHS) was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $14.50 price target on the stock, down from their previous price target of $19.00. Maxim Group’s price objective indicates a potential downside of 7.53% from the company’s current price.
Chico's FAS (NYSE:CHS) opened at 15.46 on Wednesday. Chico's FAS has a 1-year low of $14.80 and a 1-year high of $19.84. The stock has a 50-day moving average of $15.83 and a 200-day moving average of $16.13. The company has a market cap of $2.299 billion and a price-to-earnings ratio of 58.95.
Chico's FAS (NYSE:CHS) last announced its earnings results on Wednesday, August 27th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Chico's FAS will post $0.71 EPS for the current fiscal year.
Separately, 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, August 28th. They now have a “not rated” rating on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $19.15.
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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