Chico’s FAS’s (CHS) “Hold” Rating Reiterated at KeyCorp
Chico’s FAS, Inc. (NYSE:CHS)‘s stock had its “hold” rating reaffirmed by research analysts at KeyCorp in a report released on Wednesday.
Other equities research analysts have also issued reports about the company. Bank of America Corporation lowered Chico’s FAS from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Jefferies Group LLC set a $11.00 price target on Chico’s FAS and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $12.00 price target on shares of Chico’s FAS in a report on Thursday, August 17th. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub lowered Chico’s FAS from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Chico’s FAS currently has an average rating of “Hold” and a consensus price target of $12.08.
Chico’s FAS (NYSE:CHS) traded down 5.332% on Wednesday, hitting $7.545. 2,277,679 shares of the stock were exchanged. Chico’s FAS has a 52 week low of $6.96 and a 52 week high of $16.85. The company has a market cap of $947.97 million, a PE ratio of 10.523 and a beta of 0.68. The company’s 50-day moving average is $8.31 and its 200-day moving average is $10.10.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The business had revenue of $578.60 million for the quarter, compared to analyst estimates of $578.58 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company’s revenue was down 9.0% compared to the same quarter last year. On average, analysts predict that Chico’s FAS will post $0.65 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Chico’s FAS by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 473 shares in the last quarter. Parkwood LLC bought a new position in shares of Chico’s FAS in the 2nd quarter valued at approximately $102,000. Flinton Capital Management LLC raised its stake in shares of Chico’s FAS by 85.7% in the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 6,356 shares in the last quarter. UBS Group AG raised its stake in shares of Chico’s FAS by 6.2% in the 1st quarter. UBS Group AG now owns 13,845 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 808 shares in the last quarter. Finally, Welch & Forbes LLC bought a new position in shares of Chico’s FAS in the 2nd quarter valued at approximately $133,000.
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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