Shares of Chico’s FAS, Inc. (NYSE:CHS) shot up 5.3% on Thursday . The stock traded as high as $9.29 and last traded at $9.26. 2,959,067 shares changed hands during trading, a decline of 6% from the average session volume of 3,159,821 shares. The stock had previously closed at $8.79.
Several brokerages have weighed in on CHS. B. Riley reaffirmed a “buy” rating and set a $14.00 price objective on shares of Chico’s FAS in a research note on Tuesday. FBR & Co reiterated a “buy” rating and set a $14.00 target price on shares of Chico’s FAS in a research report on Monday, October 2nd. ValuEngine lowered shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reiterated a “hold” rating and set a $8.00 target price (up from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. Finally, Bank of America lowered shares of Chico’s FAS from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $8.50 to $7.00 in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of “Hold” and a consensus price target of $10.91.
The company has a market capitalization of $1,260.00, a PE ratio of 14.73, a PEG ratio of 1.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 0.88.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were issued a $0.0825 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.33 annualized dividend and a yield of 3.34%. Chico’s FAS’s dividend payout ratio is currently 49.25%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Chico’s FAS in the third quarter valued at approximately $108,000. Flinton Capital Management LLC lifted its holdings in Chico’s FAS by 85.7% in the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after buying an additional 6,356 shares during the period. Koch Industries Inc. acquired a new position in Chico’s FAS in the second quarter valued at approximately $142,000. Pinebridge Investments L.P. acquired a new position in Chico’s FAS in the third quarter valued at approximately $142,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Chico’s FAS in the third quarter valued at approximately $145,000.
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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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