Citigroup Inc. Downgrades Chico’s FAS, Inc. (NYSE:CHS) to Neutral

Citigroup Inc. cut shares of Chico’s FAS, Inc. (NYSE:CHS) from a buy rating to a neutral rating in a report issued on Monday, October 16th, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on CHS. ValuEngine upgraded shares of Chico’s FAS from a hold rating to a buy rating in a research report on Thursday, July 6th. BidaskClub upgraded shares of Chico’s FAS from a strong sell rating to a sell rating in a research report on Monday, July 31st. Jefferies Group LLC restated a hold rating and set a $11.00 target price on shares of Chico’s FAS in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Chico’s FAS from a strong sell rating to a hold rating in a research report on Tuesday, July 25th. Finally, FBR & Co reissued a buy rating and issued a $14.00 price objective on shares of Chico’s FAS in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Chico’s FAS presently has a consensus rating of Hold and a consensus target price of $11.69.

Chico’s FAS (NYSE CHS) opened at 8.22 on Monday. Chico’s FAS has a 12 month low of $6.96 and a 12 month high of $16.85. The stock’s 50 day moving average price is $8.25 and its 200-day moving average price is $9.62. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 11.46 and a beta of 0.68.

Chico’s FAS (NYSE:CHS) last announced its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The business had revenue of $578.60 million for the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The business’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Equities analysts expect that Chico’s FAS will post $0.64 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by BBNS and is owned by of BBNS. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/citigroup-inc-lowers-chicos-fas-inc-chs-to-neutral/1719880.html.

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Chico’s FAS by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 3,547,401 shares of the specialty retailer’s stock valued at $33,415,000 after purchasing an additional 270,838 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Chico’s FAS by 48.4% in the second quarter. Canada Pension Plan Investment Board now owns 457,384 shares of the specialty retailer’s stock valued at $4,309,000 after purchasing an additional 149,200 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Chico’s FAS in the second quarter valued at $157,000. Vanguard Group Inc. boosted its stake in shares of Chico’s FAS by 25.2% in the first quarter. Vanguard Group Inc. now owns 12,462,465 shares of the specialty retailer’s stock valued at $176,967,000 after purchasing an additional 2,511,021 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Chico’s FAS in the second quarter valued at $1,325,000.

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.

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

Receive News & Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related companies with our FREE daily email newsletter.

 


Latest News

MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Brandon Morrow Becomes Hot Commodity
Brandon Morrow Becomes Hot Commodity


Leave a Reply

 
© 2006-2017 BBNS.