Chico’s FAS, Inc. (CHS) Stock Rating Lowered by BidaskClub
Chico’s FAS, Inc. (NYSE:CHS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday.
A number of other brokerages have also recently commented on CHS. TheStreet upgraded Chico’s FAS to a “buy” rating in a research note on Tuesday, March 21st. Jefferies Group LLC set a $14.00 price objective on Chico’s FAS and gave the stock a “hold” rating in a research note on Tuesday, March 28th. Royal Bank Of Canada restated a “buy” rating and set a $16.00 price objective on shares of Chico’s FAS in a research note on Monday, April 3rd. Zacks Investment Research cut Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Finally, Wolfe Research cut Chico’s FAS from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Chico’s FAS has an average rating of “Hold” and a consensus price target of $13.43.
Shares of Chico’s FAS (NYSE:CHS) traded down 0.11% during midday trading on Wednesday, reaching $8.92. The company’s stock had a trading volume of 1,486,931 shares. The firm’s 50 day moving average is $9.10 and its 200 day moving average is $12.35. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.44 and a beta of 0.67. Chico’s FAS has a 52 week low of $8.44 and a 52 week high of $16.85.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.03. The company had revenue of $583.70 million for the quarter, compared to analyst estimates of $624.75 million. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. Equities analysts forecast that Chico’s FAS will post $0.79 EPS for the current fiscal year.
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In related news, Director Ross E. Roeder sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.50, for a total value of $47,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ross E. Roeder sold 10,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $9.75, for a total value of $97,500.00. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in shares of Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 473 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Chico’s FAS by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 4,080 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Accredited Investors Inc. purchased a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Finally, Ronald Blue & Co. LLC purchased a new stake in shares of Chico’s FAS during the first quarter valued at $147,000.
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.
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