Chico’s FAS, Inc. (CHS) Rating Increased to Buy at ValuEngine
Chico’s FAS, Inc. (NYSE:CHS) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Other research analysts have also issued reports about the company. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of Chico’s FAS in a research report on Monday, April 3rd. Citigroup Inc. reduced their price target on Chico’s FAS from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. TheStreet upgraded Chico’s FAS to a “buy” rating in a research report on Tuesday, March 21st. Deutsche Bank AG reduced their price target on Chico’s FAS from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, May 25th. Finally, Jefferies Group LLC set a $14.00 target price on Chico’s FAS and gave the stock a “hold” rating in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.69.
Shares of Chico’s FAS (NYSE CHS) traded up 0.33% during midday trading on Thursday, hitting $9.15. The stock had a trading volume of 1,930,460 shares. Chico’s FAS has a one year low of $8.44 and a one year high of $16.85. The firm’s 50-day moving average price is $9.97 and its 200-day moving average price is $13.01. The firm has a market capitalization of $1.15 billion, a PE ratio of 12.76 and a beta of 0.67.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.03. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. The company had revenue of $583.70 million during the quarter, compared to the consensus estimate of $624.75 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, equities analysts predict that Chico’s FAS will post $0.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 11th will be issued a $0.0825 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 3.61%. Chico’s FAS’s dividend payout ratio (DPR) is 46.48%.
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In other news, Director Ross E. Roeder sold 10,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $9.75, for a total value of $97,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ross E. Roeder sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC raised its stake in shares of Chico’s FAS by 21.8% in the fourth quarter. Guggenheim Capital LLC now owns 47,514 shares of the specialty retailer’s stock worth $684,000 after buying an additional 8,520 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Chico’s FAS by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,270 shares of the specialty retailer’s stock worth $320,000 after buying an additional 1,520 shares during the period. Norges Bank purchased a new stake in shares of Chico’s FAS during the fourth quarter worth approximately $30,444,000. Vident Investment Advisory LLC raised its stake in shares of Chico’s FAS by 3.8% in the fourth quarter. Vident Investment Advisory LLC now owns 203,601 shares of the specialty retailer’s stock worth $2,930,000 after buying an additional 7,360 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Chico’s FAS during the fourth quarter worth approximately $907,000. Institutional investors own 95.55% of the company’s stock.
About Chico’s FAS
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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