Chico’s FAS (NYSE:CHS) Upgraded to C- by TheStreet

TheStreet upgraded shares of Chico’s FAS (NYSE:CHS) from a d rating to a c- rating in a research report released on Tuesday, TheStreetRatingsTable reports.

A number of other equities analysts have also issued reports on the company. Telsey Advisory Group upped their target price on Chico’s FAS from $5.00 to $6.00 and gave the company a market perform rating in a research report on Wednesday. B. Riley upped their price objective on Chico’s FAS from $2.50 to $5.25 and gave the stock a neutral rating in a research note on Wednesday. Finally, Zacks Investment Research cut Chico’s FAS from a hold rating to a sell rating in a research note on Thursday, May 20th.

Chico’s FAS stock opened at $5.36 on Tuesday. The firm has a market capitalization of $657.05 million, a P/E ratio of -1.72 and a beta of 1.54. The company has a current ratio of 0.93, a quick ratio of 0.46 and a debt-to-equity ratio of 0.90. Chico’s FAS has a one year low of $0.91 and a one year high of $6.48. The firm has a fifty day simple moving average of $3.87.

Chico’s FAS (NYSE:CHS) last announced its earnings results on Monday, June 7th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.09. Chico’s FAS had a negative net margin of 27.20% and a negative return on equity of 66.99%. On average, equities analysts anticipate that Chico’s FAS will post -0.31 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHS. Assenagon Asset Management S.A. lifted its position in shares of Chico’s FAS by 72.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 114,526 shares of the specialty retailer’s stock worth $182,000 after acquiring an additional 47,938 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Chico’s FAS in the 4th quarter valued at $1,485,000. Rhumbline Advisers increased its stake in shares of Chico’s FAS by 13.6% in the 4th quarter. Rhumbline Advisers now owns 425,478 shares of the specialty retailer’s stock valued at $677,000 after buying an additional 50,786 shares during the period. Wagner Wealth Management LLC acquired a new stake in shares of Chico’s FAS during the fourth quarter worth $63,000. Finally, Panagora Asset Management Inc. grew its stake in shares of Chico’s FAS by 189.4% during the fourth quarter. Panagora Asset Management Inc. now owns 263,387 shares of the specialty retailer’s stock worth $419,000 after purchasing an additional 172,365 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), Soma, and TellTale brands. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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