Chico’s FAS (NYSE:CHS) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Monday.
Several other research firms have also issued reports on CHS. Zacks Investment Research lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Morgan Stanley restated an “equal weight” rating and issued a $12.00 target price (up previously from $11.00) on shares of Chico’s FAS in a report on Thursday, March 1st. SunTrust Banks set a $14.00 target price on shares of Chico’s FAS and gave the company a “buy” rating in a report on Wednesday, February 28th. Jefferies Group restated a “hold” rating and issued a $10.00 target price on shares of Chico’s FAS in a report on Thursday, March 1st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $11.00 target price on shares of Chico’s FAS in a report on Thursday, March 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Chico’s FAS has an average rating of “Hold” and a consensus price target of $10.92.
Chico’s FAS opened at $9.97 on Monday, Marketbeat Ratings reports. The firm has a market capitalization of $1.32 billion, a P/E ratio of 14.66, a PEG ratio of 1.16 and a beta of 0.76. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.08. Chico’s FAS has a 12-month low of $6.96 and a 12-month high of $11.49.
Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $587.78 million for the quarter, compared to analyst estimates of $579.75 million. Chico’s FAS had a net margin of 4.43% and a return on equity of 13.79%. Chico’s FAS’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. equities analysts anticipate that Chico’s FAS will post 0.88 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Elkfork Partners LLC bought a new stake in shares of Chico’s FAS during the fourth quarter worth about $124,000. Cerebellum GP LLC bought a new stake in shares of Chico’s FAS during the fourth quarter worth about $125,000. Element Capital Management LLC bought a new stake in shares of Chico’s FAS during the first quarter worth about $139,000. CIBC Asset Management Inc increased its position in shares of Chico’s FAS by 50.8% during the fourth quarter. CIBC Asset Management Inc now owns 16,616 shares of the specialty retailer’s stock worth $147,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Chico’s FAS during the fourth quarter worth about $152,000. 95.47% of the stock is owned by institutional investors.
About Chico’s FAS
Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.
Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.