Chico’s FAS, Inc. (NYSE:CHS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, October 31st.
According to Zacks, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets. “
CHS has been the topic of a number of other reports. Citigroup Inc. reaffirmed a “buy” rating and set a $10.00 target price (down from $13.00) on shares of Chico’s FAS in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and issued a $12.00 target price on shares of Chico’s FAS in a report on Thursday, August 17th. ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. FBR & Co restated a “buy” rating and set a $14.00 price objective (down from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Finally, SunTrust Banks, Inc. set a $12.00 price target on Chico’s FAS and gave the company a “buy” rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.00.
Shares of Chico’s FAS (NYSE:CHS) traded up $0.09 during trading on Tuesday, reaching $7.98. 4,029,979 shares of the company’s stock were exchanged, compared to its average volume of 2,699,893. The stock has a market cap of $1,023.94, a P/E ratio of 10.78, a P/E/G ratio of 1.13 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.78. Chico’s FAS has a 52 week low of $6.96 and a 52 week high of $16.85.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The company had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. equities analysts anticipate that Chico’s FAS will post 0.63 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Chico’s FAS by 21.4% during the 2nd quarter. Vanguard Group Inc. now owns 15,134,008 shares of the specialty retailer’s stock worth $142,563,000 after purchasing an additional 2,671,543 shares during the last quarter. BlackRock Inc. increased its stake in shares of Chico’s FAS by 21,451.3% in the 1st quarter. BlackRock Inc. now owns 13,414,812 shares of the specialty retailer’s stock valued at $190,490,000 after purchasing an additional 13,352,566 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Chico’s FAS by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,203,559 shares of the specialty retailer’s stock valued at $72,437,000 after purchasing an additional 35,305 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Chico’s FAS by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,333,568 shares of the specialty retailer’s stock valued at $69,082,000 after purchasing an additional 542,757 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Chico’s FAS by 5.3% in the 2nd quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock valued at $48,417,000 after purchasing an additional 256,414 shares during the last quarter.
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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