Chico’s FAS, Inc. (CHS) Given Average Recommendation of “Hold” by Brokerages

Chico’s FAS, Inc. (CHS) Given Average Recommendation of “Hold” by Brokerages

Chico’s FAS, Inc. (NYSE:CHS) has earned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the firm. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.57.

Several equities analysts recently weighed in on CHS shares. Citigroup Inc. upgraded shares of Chico’s FAS from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $16.00 in a report on Monday, November 14th. Zacks Investment Research cut shares of Chico’s FAS from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, January 24th. Wolfe Research raised shares of Chico’s FAS from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 31st. TheStreet cut shares of Chico’s FAS from a “b-” rating to a “c+” rating in a research note on Wednesday, January 11th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Chico’s FAS in a research note on Tuesday, December 6th.

Chico’s FAS (NYSE:CHS) opened at 13.99 on Friday. The stock has a 50 day moving average of $13.76 and a 200 day moving average of $13.10. Chico’s FAS has a 12-month low of $9.62 and a 12-month high of $16.85. The stock has a market cap of $1.80 billion, a P/E ratio of 33.79 and a beta of 0.82.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.07. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.24%. The company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $610.83 million. During the same quarter in the prior year, the company earned $0.13 EPS. Chico’s FAS’s quarterly revenue was down 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Chico’s FAS will post $0.75 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CHS. BlackRock Fund Advisors raised its position in Chico’s FAS by 5.3% in the third quarter. BlackRock Fund Advisors now owns 6,890,210 shares of the company’s stock valued at $81,993,000 after buying an additional 344,459 shares in the last quarter. JPMorgan Chase & Co. raised its position in Chico’s FAS by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 6,731,576 shares of the company’s stock valued at $80,106,000 after buying an additional 1,837,430 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Chico’s FAS by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,986,151 shares of the company’s stock valued at $86,141,000 after buying an additional 471,592 shares in the last quarter. Sterling Capital Management LLC raised its position in Chico’s FAS by 1.2% in the second quarter. Sterling Capital Management LLC now owns 3,223,582 shares of the company’s stock valued at $34,525,000 after buying an additional 37,188 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in Chico’s FAS by 16.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,776,831 shares of the company’s stock valued at $39,959,000 after buying an additional 384,315 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.

About Chico’s FAS

Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.

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