Shares of Chico’s FAS, Inc. (NYSE:CHS) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.70.

A number of research analysts have recently weighed in on the company. ValuEngine lowered Chico’s FAS from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet lowered Chico’s FAS from a “b-” rating to a “c+” rating in a report on Tuesday, June 6th. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price objective on shares of Chico’s FAS in a report on Thursday, July 6th. Finally, Zacks Investment Research raised Chico’s FAS from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parkwood LLC acquired a new position in shares of Chico’s FAS during the 2nd quarter valued at $102,000. PNC Financial Services Group Inc. lifted its position in shares of Chico’s FAS by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 473 shares during the period. Flinton Capital Management LLC lifted its position in shares of Chico’s FAS by 85.7% during the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after acquiring an additional 6,356 shares during the period. Welch & Forbes LLC acquired a new position in shares of Chico’s FAS during the 2nd quarter valued at $133,000. Finally, Koch Industries Inc. acquired a new position in shares of Chico’s FAS during the 2nd quarter valued at $142,000.

Chico’s FAS (NYSE:CHS) traded up 1.36% during midday trading on Friday, reaching $8.95. The company had a trading volume of 2,341,297 shares. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.48 and a beta of 0.63. The firm has a 50-day moving average of $8.25 and a 200 day moving average of $10.69. Chico’s FAS has a 1-year low of $6.96 and a 1-year high of $16.85.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $578.58 million. During the same quarter last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Chico’s FAS will post $0.65 EPS for the current year.

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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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