Chico’s FAS (CHS) Cut to Hold at Zacks Investment Research

Chico’s FAS (NYSE:CHS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate 1,518 boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “

Several other research firms have also recently issued reports on CHS. B. Riley reaffirmed a “buy” rating and set a $14.00 price target on shares of Chico’s FAS in a research note on Tuesday, January 9th. FBR & Co reaffirmed a “buy” rating and set a $14.00 price target on shares of Chico’s FAS in a research note on Monday, October 2nd. ValuEngine cut shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group reaffirmed a “hold” rating and set a $8.00 price target (up from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. Finally, Bank of America cut shares of Chico’s FAS from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $8.50 to $7.00 in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.92.

Chico’s FAS (CHS) traded up $0.21 during trading on Monday, hitting $10.21. 2,575,663 shares of the company’s stock traded hands, compared to its average volume of 3,277,743. Chico’s FAS has a one year low of $6.96 and a one year high of $15.50. The firm has a market cap of $1,300.00, a PE ratio of 15.24, a P/E/G ratio of 1.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 0.88.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The company had revenue of $532.30 million for the quarter, compared to analysts’ expectations of $534.77 million. During the same period last year, the company earned $0.20 EPS. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. equities research analysts predict that Chico’s FAS will post 0.65 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its position in Chico’s FAS by 0.8% during the second quarter. Macquarie Group Ltd. now owns 90,433 shares of the specialty retailer’s stock valued at $852,000 after buying an additional 688 shares in the last quarter. Amalgamated Bank raised its stake in shares of Chico’s FAS by 4.1% during the second quarter. Amalgamated Bank now owns 18,696 shares of the specialty retailer’s stock valued at $176,000 after purchasing an additional 735 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Chico’s FAS by 6.9% during the second quarter. Thrivent Financial For Lutherans now owns 26,060 shares of the specialty retailer’s stock valued at $245,000 after purchasing an additional 1,680 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Chico’s FAS by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 285,906 shares of the specialty retailer’s stock valued at $2,694,000 after purchasing an additional 2,445 shares during the period. Finally, Flinton Capital Management LLC increased its stake in shares of Chico’s FAS by 85.7% in the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after buying an additional 6,356 shares during the last quarter.

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

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