Chico’s FAS (NYSE:CHS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $11.00 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.00% from the stock’s previous close.
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. “
A number of other research analysts have also issued reports on CHS. Jefferies Group reiterated a “hold” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. FBR & Co reiterated a “buy” rating and issued a $14.00 price objective on shares of Chico’s FAS in a report on Monday, October 2nd. Bank of America lowered shares of Chico’s FAS from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $8.50 to $7.00 in a report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of Chico’s FAS in a report on Wednesday, October 11th. Finally, Citigroup lowered shares of Chico’s FAS from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Chico’s FAS has a consensus rating of “Hold” and an average price target of $10.92.
Chico’s FAS (NYSE:CHS) opened at $10.00 on Friday. The company has a market cap of $1,225.65, a PE ratio of 14.93, a PEG ratio of 1.47 and a beta of 0.73. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. Chico’s FAS has a fifty-two week low of $6.96 and a fifty-two week high of $15.50.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Tuesday, November 21st. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $532.30 million during the quarter, compared to analyst estimates of $534.77 million. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. equities research analysts forecast that Chico’s FAS will post 0.65 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new stake in Chico’s FAS during the 3rd quarter valued at approximately $108,000. Flinton Capital Management LLC increased its position in Chico’s FAS by 85.7% during the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after purchasing an additional 6,356 shares during the period. Pinebridge Investments L.P. acquired a new stake in Chico’s FAS during the 3rd quarter valued at approximately $142,000. Fiera Capital Corp acquired a new stake in Chico’s FAS during the 2nd quarter valued at approximately $151,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Chico’s FAS during the 3rd quarter valued at approximately $145,000.
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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