Chico’s FAS, Inc. (CHS) Lifted to Hold at Zacks Investment Research
Chico’s FAS, Inc. (NYSE:CHS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “
Other equities research analysts have also recently issued research reports about the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $8.00 price target (up previously from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $8.00 price target (down previously from $11.00) on shares of Chico’s FAS in a report on Thursday, August 31st. SunTrust Banks, Inc. set a $12.00 price target on Chico’s FAS and gave the company a “buy” rating in a report on Monday, October 16th. Citigroup Inc. cut Chico’s FAS from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. Finally, Bank of America Corp cut Chico’s FAS from a “neutral” rating to an “underperform” rating and cut their price target for the company from $8.50 to $7.00 in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus target price of $11.69.
Shares of Chico’s FAS (NYSE CHS) traded up 1.27% during trading on Tuesday, hitting $7.99. The stock had a trading volume of 1,639,767 shares. Chico’s FAS has a 52-week low of $6.96 and a 52-week high of $16.85. The firm’s 50-day moving average is $8.24 and its 200 day moving average is $9.52. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 11.14 and a beta of 0.68.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The firm had revenue of $578.60 million for the quarter, compared to analyst estimates of $578.58 million. During the same period in the previous year, the company earned $0.25 EPS. Chico’s FAS’s revenue was down 9.0% compared to the same quarter last year. On average, analysts expect that Chico’s FAS will post $0.64 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in 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 worth $109,000 after acquiring an additional 473 shares during the period. Flinton Capital Management LLC purchased a new position in Chico’s FAS in the fourth quarter worth approximately $118,000. TrimTabs Asset Management LLC grew its position in 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 worth $123,000 after acquiring an additional 4,080 shares during the period. LS Investment Advisors LLC grew its position in Chico’s FAS by 5.5% in the third quarter. LS Investment Advisors LLC now owns 8,756 shares of the specialty retailer’s stock worth $104,000 after acquiring an additional 455 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Chico’s FAS in the second quarter worth approximately $100,000.
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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