Chico’s FAS, Inc. (NYSE:CHS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other analysts also recently issued reports about the company. Wolfe Research downgraded Chico’s FAS from an “outperform” rating to a “market perform” rating in a report on Thursday, May 25th. UBS AG restated a “neutral” rating and issued a $10.00 price objective (down from $16.00) on shares of Chico’s FAS in a report on Thursday, May 25th. Telsey Advisory Group decreased their price objective on Chico’s FAS from $15.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, May 25th. Royal Bank Of Canada set a $16.00 price objective on Chico’s FAS and gave the company a “buy” rating in a report on Tuesday, May 16th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $11.00 price objective on shares of Chico’s FAS in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $13.43.

Shares of Chico’s FAS (NYSE:CHS) opened at 8.41 on Friday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 11.73 and a beta of 0.66. The stock has a 50 day moving average of $9.00 and a 200-day moving average of $11.82. Chico’s FAS has a 52-week low of $8.26 and a 52-week high of $16.85.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.03. The firm had revenue of $583.70 million during the quarter, compared to the consensus estimate of $624.75 million. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Analysts predict that Chico’s FAS will post $0.79 EPS for the current fiscal year.

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In other news, Director Ross E. Roeder sold 10,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $9.75, for a total transaction of $97,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ross E. Roeder sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.50, for a total value of $47,500.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of CHS. Guggenheim Capital LLC raised its stake in shares of Chico’s FAS by 21.8% in the fourth quarter. Guggenheim Capital LLC now owns 47,514 shares of the specialty retailer’s stock worth $684,000 after buying an additional 8,520 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Chico’s FAS by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 928,578 shares of the specialty retailer’s stock worth $13,362,000 after buying an additional 29,589 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Chico’s FAS by 14.8% in the first quarter. Bank of Montreal Can now owns 22,098 shares of the specialty retailer’s stock worth $314,000 after buying an additional 2,853 shares during the last quarter. Alpha Windward LLC raised its stake in shares of Chico’s FAS by 5.7% in the first quarter. Alpha Windward LLC now owns 34,320 shares of the specialty retailer’s stock worth $487,000 after buying an additional 1,860 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of Chico’s FAS during the first quarter worth approximately $316,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Chico’s FAS Company Profile

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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