Chico’s FAS (NYSE:CHS) has been given a $7.00 target price by equities researchers at B. Riley in a report released on Wednesday. The firm presently has a “buy” rating on the specialty retailer’s stock. B. Riley’s target price suggests a potential upside of 17.85% from the company’s current price.

A number of other equities research analysts have also issued reports on CHS. Zacks Investment Research lowered Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Citigroup reduced their target price on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, November 29th. ValuEngine lowered Chico’s FAS from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 28th. Bank of America reduced their target price on Chico’s FAS from $6.50 to $4.00 and set an “underperform” rating on the stock in a research note on Thursday, November 29th. Finally, Morgan Stanley reduced their target price on Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, November 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.14.

CHS opened at $5.94 on Wednesday. The company has a market capitalization of $726.75 million, a P/E ratio of 8.74, a PEG ratio of 1.74 and a beta of 0.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 2.01. Chico’s FAS has a 1-year low of $4.42 and a 1-year high of $10.90.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Chico’s FAS had a net margin of 3.66% and a return on equity of 10.14%. The company had revenue of $499.90 million during the quarter, compared to analysts’ expectations of $515.63 million. During the same period in the previous year, the company posted $0.13 EPS. Chico’s FAS’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Chico’s FAS will post 0.33 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of CHS. Royal Bank of Canada lifted its stake in shares of Chico’s FAS by 208.2% during the 1st quarter. Royal Bank of Canada now owns 18,186 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 12,286 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Chico’s FAS by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,082,884 shares of the specialty retailer’s stock worth $9,789,000 after purchasing an additional 38,582 shares during the period. Bank of Montreal Can lifted its stake in shares of Chico’s FAS by 1,047.1% during the 2nd quarter. Bank of Montreal Can now owns 203,193 shares of the specialty retailer’s stock worth $1,653,000 after purchasing an additional 185,479 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Chico’s FAS during the 2nd quarter worth $150,000. Finally, Aperio Group LLC lifted its stake in shares of Chico’s FAS by 57.7% during the 2nd quarter. Aperio Group LLC now owns 55,439 shares of the specialty retailer’s stock worth $451,000 after purchasing an additional 20,293 shares during the period.

About Chico’s FAS

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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

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