Chico’s FAS, Inc. (NYSE:CHS) received a $12.00 target price from investment analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. SunTrust Banks, Inc.’s price target points to a potential upside of 66.90% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. FBR & Co reaffirmed a “buy” rating and issued a $14.00 price target (down previously from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Chico’s FAS in a research report on Thursday, August 31st. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Citigroup Inc. reaffirmed a “buy” rating and issued a $10.00 price target (down previously from $13.00) on shares of Chico’s FAS in a research report on Friday, September 1st. Finally, 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. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.69.

Shares of Chico’s FAS (CHS) opened at 7.19 on Monday. Chico’s FAS has a one year low of $6.96 and a one year high of $16.85. The stock has a 50 day moving average price of $8.30 and a 200-day moving average price of $9.97. The company has a market capitalization of $903.37 million, a price-to-earnings ratio of 10.03 and a beta of 0.68.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings results 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). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business had revenue of $578.60 million during the quarter, compared to the consensus estimate of $578.58 million. During the same period in the previous year, the business posted $0.25 EPS. Chico’s FAS’s revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts expect that Chico’s FAS will post $0.64 EPS for the current year.

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Several institutional investors have recently bought and sold shares of CHS. UBS Asset Management Americas Inc. lifted its position in shares of Chico’s FAS by 264.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 286,923 shares of the specialty retailer’s stock worth $4,074,000 after buying an additional 208,184 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Chico’s FAS during the 1st quarter worth approximately $618,000. Ameriprise Financial Inc. lifted its position in shares of Chico’s FAS by 6.6% during the 1st quarter. Ameriprise Financial Inc. now owns 509,953 shares of the specialty retailer’s stock worth $7,241,000 after buying an additional 31,379 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Chico’s FAS during the 1st quarter worth approximately $415,000. Finally, Alliancebernstein L.P. lifted its position in shares of Chico’s FAS by 82.6% during the 1st quarter. Alliancebernstein L.P. now owns 444,900 shares of the specialty retailer’s stock worth $6,318,000 after buying an additional 201,262 shares in 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.

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

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