Chico’s FAS Inc. (CHS) Rating Reiterated by MKM Partners
Chico’s FAS Inc. (NYSE:CHS)‘s stock had its “neutral” rating restated by MKM Partners in a report released on Wednesday. They currently have a $12.00 price target on the stock. MKM Partners’ target price would suggest a potential downside of 1.96% from the company’s previous close.
Several other equities research analysts have also issued reports on CHS. RBC Capital Markets reaffirmed an “outperform” rating and issued a $14.00 price objective (up from $13.00) on shares of Chico’s FAS in a research note on Sunday, September 4th. Jefferies Group reissued a “hold” rating on shares of Chico’s FAS in a research note on Monday, August 1st. FBR & Co reissued an “outperform” rating and set a $17.00 price target on shares of Chico’s FAS in a research note on Saturday, September 3rd. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Chico’s FAS in a research note on Wednesday, September 28th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Chico’s FAS in a research note on Wednesday, September 7th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Chico’s FAS presently has an average rating of “Hold” and an average target price of $13.26.
Shares of Chico’s FAS (NYSE:CHS) traded up 1.63% during midday trading on Wednesday, reaching $12.44. The company had a trading volume of 676,217 shares. The firm’s 50 day moving average price is $12.18 and its 200-day moving average price is $11.81. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 79.24 and a beta of 0.74. Chico’s FAS has a 1-year low of $9.61 and a 1-year high of $14.92.
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Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The business earned $635.70 million during the quarter, compared to analyst estimates of $632.49 million. Chico’s FAS had a return on equity of 14.41% and a net margin of 0.84%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Equities research analysts expect that Chico’s FAS will post $0.68 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in shares of Chico’s FAS during the second quarter worth approximately $16,978,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 worth $28,696,000 after buying an additional 1,300,077 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Chico’s FAS by 35.8% in the second quarter. JPMorgan Chase & Co. now owns 4,894,146 shares of the company’s stock worth $52,416,000 after buying an additional 1,290,606 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $53,957,000 after buying an additional 1,029,247 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in shares of Chico’s FAS by 351.6% in the first quarter. Teachers Advisors Inc. now owns 958,536 shares of the company’s stock worth $12,720,000 after buying an additional 746,280 shares in the last quarter. Hedge funds and other institutional investors own 92.63% of the company’s stock.
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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