Chico’s FAS Inc. (CHS) Receives Neutral Rating from MKM Partners
Chico’s FAS Inc. (NYSE:CHS)‘s stock had its “neutral” rating reiterated by research analysts at MKM Partners in a report released on Wednesday. They currently have a $12.00 price objective on the stock. MKM Partners’ price objective points to a potential downside of 1.96% from the company’s previous close.
A number of other analysts have also recently commented on CHS. KeyCorp restated a “buy” rating and issued a $15.00 price objective on shares of Chico’s FAS in a research report on Thursday, June 23rd. Nomura reiterated a “buy” rating and set a $12.00 price target on shares of Chico’s FAS in a research report on Wednesday, July 6th. Zacks Investment Research cut Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Jefferies Group reiterated a “hold” rating on shares of Chico’s FAS in a research report on Monday, August 1st. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Chico’s FAS in a research report on Thursday, August 25th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.26.
Chico’s FAS (NYSE:CHS) traded up 1.80% during mid-day trading on Wednesday, reaching $12.46. The company’s stock had a trading volume of 515,193 shares. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 79.36 and a beta of 0.74. Chico’s FAS has a 12-month low of $9.61 and a 12-month high of $14.92. The firm’s 50 day moving average price is $12.18 and its 200 day moving average price is $11.81.
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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. The business earned $635.70 million during the quarter, compared to analysts’ expectations of $632.49 million. Chico’s FAS had a return on equity of 14.41% and a net margin of 0.84%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities analysts predict that Chico’s FAS will post $0.68 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in Chico’s FAS during the second quarter valued at about $100,000. Oakbrook Investments LLC increased its stake in 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 in the last quarter. Marshall Wace LLP purchased a new stake in Chico’s FAS during the second quarter valued at about $117,000. Royal Bank of Canada increased its stake in 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 in the last quarter. Finally, Princeton Alpha Management LP purchased a new stake in Chico’s FAS during the second quarter valued at about $142,000. Hedge funds and other institutional investors own 92.63% of the company’s stock.
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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