Chico's FAS, Inc. (NYSE:CHS) – Research analysts at SunTrust Banks lifted their Q4 2018 earnings per share (EPS) estimates for Chico's FAS in a report released on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst P. Quintiliano now forecasts that the specialty retailer will earn $0.09 per share for the quarter, up from their previous estimate of $0.03. SunTrust Banks has a “Buy” rating and a $13.00 price target on the stock. SunTrust Banks also issued estimates for Chico's FAS’s FY2019 earnings at $0.73 EPS.
A number of other equities analysts also recently weighed in on the company. Bank of America downgraded Chico's FAS from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $8.50 to $7.00 in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Chico's FAS from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. B. Riley restated a “buy” rating and issued a $14.00 target price on shares of Chico's FAS in a research note on Wednesday, November 22nd. KeyCorp restated a “hold” rating on shares of Chico's FAS in a research note on Thursday, November 16th. Finally, Telsey Advisory Group restated a “market perform” rating on shares of Chico's FAS in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.17.
Chico's FAS (CHS) opened at $9.37 on Friday. Chico's FAS has a 12 month low of $6.96 and a 12 month high of $15.50. The firm has a market capitalization of $1,200.00, a P/E ratio of 13.99, a PEG ratio of 1.22 and a beta of 0.83. 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 (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, meeting analysts’ consensus estimates of $0.13. Chico's FAS had a return on equity of 13.98% and a net margin of 3.77%. The business had revenue of $532.30 million during the quarter, compared to the consensus estimate of $534.77 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was down 10.8% on a year-over-year basis.
Several large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in shares of Chico's FAS by 50.8% in the 4th quarter. CIBC Asset Management Inc now owns 16,616 shares of the specialty retailer’s stock worth $147,000 after purchasing an additional 5,600 shares during the period. SG Capital Management LLC bought a new stake in shares of Chico's FAS in the 4th quarter worth approximately $6,437,000. Jennison Associates LLC bought a new stake in shares of Chico's FAS in the 4th quarter worth approximately $531,000. White Pine Investment CO raised its holdings in shares of Chico's FAS by 134.0% in the 4th quarter. White Pine Investment CO now owns 357,290 shares of the specialty retailer’s stock worth $3,151,000 after purchasing an additional 204,625 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Chico's FAS by 230.3% in the 4th quarter. SG Americas Securities LLC now owns 76,962 shares of the specialty retailer’s stock worth $679,000 after purchasing an additional 53,658 shares during the period.
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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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