Chico’s FAS, Inc. (NYSE:CHS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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 topic of several other reports. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Jefferies Group LLC set a $14.00 target price on Chico’s FAS and gave the stock a “hold” rating in a research report on Thursday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 target price (down from $16.00) on shares of Chico’s FAS in a research report on Thursday, May 25th. Deutsche Bank AG dropped their target price 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, Bank of America Corporation dropped their target price on Chico’s FAS from $16.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.43.

Shares of Chico’s FAS (CHS) traded up 0.13% during mid-day trading on Wednesday, reaching $7.66. 2,547,121 shares of the company were exchanged. The stock has a market capitalization of $965.54 million, a P/E ratio of 10.68 and a beta of 0.66. Chico’s FAS has a 12 month low of $7.52 and a 12 month high of $16.85. The stock has a 50 day moving average price of $8.71 and a 200-day moving average price of $11.52.

Chico’s FAS (NYSE:CHS) last issued its earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share 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 analyst estimates of $624.75 million. During the same period in the prior year, the business earned $0.25 earnings per share. Chico’s FAS’s quarterly revenue was down 9.2% on a year-over-year basis. Analysts predict that Chico’s FAS will post $0.79 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/08/23/chicos-fas-inc-chs-stock-rating-lowered-by-zacks-investment-research.html.

In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CHS. Bank of Montreal Can boosted its position in shares of Chico’s FAS by 14.8% in the first quarter. Bank of Montreal Can now owns 22,098 shares of the specialty retailer’s stock valued at $314,000 after buying an additional 2,853 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Chico’s FAS by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the specialty retailer’s stock valued at $463,000 after buying an additional 700 shares in the last quarter. Hartford Investment Management Co. boosted its position in shares of Chico’s FAS by 35.0% in the first quarter. Hartford Investment Management Co. now owns 16,200 shares of the specialty retailer’s stock valued at $230,000 after buying an additional 4,200 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Chico’s FAS during the first quarter valued at $1,974,000. Finally, Nationwide Fund Advisors boosted its position in shares of Chico’s FAS by 4.1% in the first quarter. Nationwide Fund Advisors now owns 323,558 shares of the specialty retailer’s stock valued at $4,595,000 after buying an additional 12,842 shares in the last quarter.

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.

Get a free copy of the Zacks research report on Chico’s FAS (CHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

Receive News & Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.