Brokers Issue Forecasts for Chico’s FAS, Inc.’s Q1 2021 Earnings (NYSE:CHS)

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Chico’s FAS, Inc. (NYSE:CHS) – Investment analysts at B. Riley cut their Q1 2021 earnings per share estimates for shares of Chico’s FAS in a report issued on Thursday, November 7th. B. Riley analyst S. Anderson now forecasts that the specialty retailer will post earnings of $0.13 per share for the quarter, down from their prior estimate of $0.15. B. Riley also issued estimates for Chico’s FAS’s Q2 2021 earnings at $0.06 EPS.

Several other equities research analysts have also weighed in on the stock. Morgan Stanley dropped their price objective on shares of Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. TheStreet lowered shares of Chico’s FAS from a “c” rating to a “d+” rating in a research note on Wednesday, August 28th. Telsey Advisory Group dropped their price objective on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, August 29th. MKM Partners set a $4.00 price objective on shares of Chico’s FAS and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.67.

CHS traded down $0.01 on Friday, hitting $3.69. 1,355,300 shares of the company’s stock were exchanged, compared to its average volume of 3,037,523. The firm has a market cap of $435.53 million, a PE ratio of 11.90 and a beta of 0.26. Chico’s FAS has a twelve month low of $2.33 and a twelve month high of $8.05. The stock has a fifty day moving average of $3.59 and a two-hundred day moving average of $3.46. The company has a current ratio of 1.08, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20.

Several large investors have recently made changes to their positions in CHS. Parallel Advisors LLC acquired a new stake in shares of Chico’s FAS in the second quarter valued at approximately $25,000. Legacy Capital Partners Inc. acquired a new stake in shares of Chico’s FAS in the second quarter valued at approximately $34,000. Atria Investments LLC acquired a new stake in shares of Chico’s FAS in the second quarter valued at approximately $41,000. Mycio Wealth Partners LLC acquired a new stake in shares of Chico’s FAS in the second quarter valued at approximately $47,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of Chico’s FAS in the second quarter valued at approximately $60,000. Institutional investors own 91.74% of the company’s stock.

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), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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Earnings History and Estimates for Chico`s FAS (NYSE:CHS)

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