Chico’s FAS, Inc. (NYSE:CHS) has received a consensus rating of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $11.40.
A number of brokerages have recently weighed in on CHS. Jefferies Group LLC set a $11.00 price target on Chico’s FAS and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $12.00 price target on shares of Chico’s FAS in a report on Thursday, August 17th. KeyCorp reiterated a “hold” rating on shares of Chico’s FAS in a report on Friday, September 1st. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub downgraded Chico’s FAS from a “hold” rating to a “sell” rating in a report on Saturday, August 12th.
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Chico’s FAS (NYSE CHS) traded down 4.01% during mid-day trading on Wednesday, hitting $7.89. The company had a trading volume of 2,173,659 shares. The company has a market cap of $1.01 billion, a PE ratio of 11.00 and a beta of 0.68. The company’s 50 day moving average price is $8.24 and its 200-day moving average price is $9.52. Chico’s FAS has a one year low of $6.96 and a one year high of $16.85.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $578.58 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities research analysts anticipate that Chico’s FAS will post $0.64 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkwood LLC bought a new stake in shares of Chico’s FAS during the 2nd quarter worth about $102,000. PNC Financial Services Group Inc. boosted its stake in shares of Chico’s FAS by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after acquiring an additional 473 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of 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 worth $130,000 after acquiring an additional 6,356 shares in the last quarter. Welch & Forbes LLC bought a new stake in shares of Chico’s FAS during the 2nd quarter worth about $133,000. Finally, Koch Industries Inc. bought a new stake in shares of Chico’s FAS during the 2nd quarter worth about $142,000.
Chico’s FAS Company Profile
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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