Chico’s FAS Inc. (CHS) Stock Price Down 2.8%
Chico’s FAS Inc. (NYSE:CHS)’s share price fell 2.8% during trading on Tuesday . The company traded as low as $12.00 and last traded at $12.00, with a volume of 796,215 shares. The stock had previously closed at $12.35.
Several equities research analysts recently issued reports on CHS shares. Stifel Nicolaus reiterated a “hold” rating on shares of Chico’s FAS in a research note on Wednesday, September 7th. RBC Capital Markets reiterated an “outperform” rating and issued a $14.00 target price (up from $13.00) on shares of Chico’s FAS in a research note on Sunday, September 4th. FBR & Co reiterated an “outperform” rating and issued a $17.00 target price on shares of Chico’s FAS in a research note on Saturday, September 3rd. Mizuho raised their target price on shares of Chico’s FAS from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Finally, Piper Jaffray Cos. raised their target price on shares of Chico’s FAS from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Wednesday, August 31st. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.32.
The company has a 50-day moving average of $11.91 and a 200 day moving average of $11.87. The firm has a market cap of $1.55 billion, a P/E ratio of 76.31 and a beta of 0.88.
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Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, August 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The company earned $635.70 million during the quarter, compared to the consensus estimate of $632.49 million. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Equities analysts predict that Chico’s FAS Inc. will post $0.68 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new stake in Chico’s FAS during the second quarter valued at approximately $16,978,000. Norges Bank purchased a new position in Chico’s FAS during the fourth quarter valued at $15,202,000. Goldman Sachs Group Inc. boosted its position in Chico’s FAS by 150.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,162,468 shares of the company’s stock valued at $28,696,000 after buying an additional 1,300,077 shares during the period. JPMorgan Chase & Co. boosted its position in Chico’s FAS by 35.8% in the second quarter. JPMorgan Chase & Co. now owns 4,894,146 shares of the company’s stock valued at $52,416,000 after buying an additional 1,290,606 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Chico’s FAS by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,038,059 shares of the company’s stock valued at $53,957,000 after buying an additional 1,029,247 shares during the period. 92.16% of the stock is owned by institutional investors.
About Chico’s FAS
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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