Chico’s FAS Inc. (NYSE:CHS) Receives Average Rating of “Hold” from Brokerages
Shares of Chico’s FAS Inc. (NYSE:CHS) have earned a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the company. Ten research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.57.
CHS has been the topic of a number of recent research reports. Stifel Nicolaus restated a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, September 7th. RBC Capital Markets restated an “outperform” rating and issued a $14.00 price target (up from $13.00) on shares of Chico’s FAS in a research report on Sunday, September 4th. Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Monday, August 22nd. SunTrust Banks Inc. reduced their price target on shares of Chico’s FAS from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Chico’s FAS in a research report on Thursday, August 25th.
Several institutional investors have recently made changes to their positions in CHS. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Chico’s FAS during the second quarter valued at about $100,000. Oakbrook Investments LLC boosted its position in shares of Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Chico’s FAS during the second quarter valued at approximately $117,000. Royal Bank of Canada boosted its position in shares of Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock valued at $121,000 after buying an additional 10,842 shares during the last quarter. Finally, Princeton Alpha Management LP purchased a new position in shares of Chico’s FAS during the second quarter valued at approximately $142,000. 92.63% of the stock is currently owned by institutional investors.
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Shares of Chico’s FAS (NYSE:CHS) remained flat at $11.98 on Wednesday. The stock had a trading volume of 498,424 shares. The firm has a 50 day moving average price of $11.91 and a 200 day moving average price of $11.86. Chico’s FAS has a 52 week low of $9.61 and a 52 week high of $16.56. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 76.31 and a beta of 0.88.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The firm had revenue of $635.70 million for the quarter, compared to the consensus estimate of $632.49 million. During the same period in the prior year, the firm posted $0.26 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, analysts predict that Chico’s FAS will post $0.68 EPS for the current year.
Chico’s FAS Company Profile
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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