SunTrust Banks, Inc. set a $12.00 price objective on Chico’s FAS, Inc. (NYSE:CHS) in a research note released on Monday, October 16th. The brokerage currently has a buy rating on the specialty retailer’s stock.
A number of other brokerages also recently issued reports on CHS. ValuEngine raised Chico’s FAS from a hold rating to a buy rating in a research report on Thursday, July 6th. BidaskClub upgraded Chico’s FAS from a strong sell rating to a sell rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a hold rating and issued a $11.00 price target on shares of Chico’s FAS in a research note on Thursday, July 6th. Zacks Investment Research upgraded Chico’s FAS from a strong sell rating to a hold rating in a research note on Tuesday, July 25th. Finally, FBR & Co restated a buy rating and issued a $14.00 price objective on shares of Chico’s FAS in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $11.69.
Chico’s FAS (CHS) opened at 8.33 on Monday. The company has a market cap of $1.07 billion, a PE ratio of 11.62 and a beta of 0.68. The stock has a 50 day moving average price of $8.24 and a 200 day moving average price of $9.67. Chico’s FAS has a 1-year low of $6.96 and a 1-year high of $16.85.
Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue was down 9.0% on a year-over-year basis. Equities analysts forecast that Chico’s FAS will post $0.64 earnings per share for the current year.
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Large investors have recently bought and sold shares of the stock. Parkwood LLC bought a new stake in shares of Chico’s FAS in the 2nd quarter worth approximately $102,000. PNC Financial Services Group Inc. raised its holdings 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 worth $109,000 after purchasing an additional 473 shares during the period. Flinton Capital Management LLC grew its stake in 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 buying an additional 6,356 shares in the last quarter. Welch & Forbes LLC purchased a new position in Chico’s FAS in the 2nd quarter valued at approximately $133,000. Finally, Koch Industries Inc. purchased a new position in Chico’s FAS in the 2nd quarter valued at approximately $142,000.
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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