Chico’s FAS, Inc. (NYSE:CHS) Stock Rating Upgraded by Zacks Investment Research
Chico’s FAS, Inc. (NYSE:CHS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets. “
CHS has been the subject of several other research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price objective on shares of Chico’s FAS in a research note on Monday, April 3rd. Jefferies Group LLC set a $14.00 price target on shares of Chico’s FAS and gave the stock a “hold” rating in a research note on Tuesday, March 28th. BidaskClub upgraded shares of Chico’s FAS from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Deutsche Bank AG reduced their price objective on shares of Chico’s FAS from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Finally, ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.43.
Chico’s FAS (CHS) traded up 5.24% on Tuesday, hitting $9.04. The stock had a trading volume of 2,567,636 shares. Chico’s FAS has a 12-month low of $8.44 and a 12-month high of $16.85. The company has a 50 day moving average of $9.06 and a 200 day moving average of $12.25. The company has a market capitalization of $1.14 billion, a PE ratio of 12.61 and a beta of 0.67.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share (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 the consensus estimate of $624.75 million. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. Chico’s FAS’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. On average, equities analysts expect that Chico’s FAS will post $0.79 earnings per share for the current year.
In other news, Director Ross E. Roeder sold 10,000 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ross E. Roeder sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.50, for a total transaction of $47,500.00. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Smith Graham & Co. Investment Advisors LP increased its position in Chico’s FAS by 69.5% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 258,144 shares of the specialty retailer’s stock valued at $2,754,000 after buying an additional 105,840 shares in the last quarter. BlackRock Fund Advisors increased its position in Chico’s FAS by 5.3% in the third quarter. BlackRock Fund Advisors now owns 6,890,210 shares of the specialty retailer’s stock worth $81,993,000 after buying an additional 344,459 shares during the period. Northcoast Asset Management acquired a new position in Chico’s FAS during the third quarter worth approximately $1,802,000. J. Goldman & Company acquired a new position in Chico’s FAS during the third quarter worth approximately $5,193,000. Finally, Schroder Investment Management Group acquired a new position in Chico’s FAS during the fourth quarter worth approximately $12,970,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.
Chico’s FAS Company Profile
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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