Jefferies Group LLC restated their hold rating on shares of Chico’s FAS, Inc. (NYSE:CHS) in a research note released on Thursday morning. The firm currently has a $8.00 price target on the specialty retailer’s stock, up from their prior price target of $7.00. Jefferies Group also issued estimates for Chico’s FAS’s Q3 2018 earnings at $0.11 EPS.

A number of other analysts also recently issued reports on the stock. Telsey Advisory Group lifted their price objective on shares of Chico’s FAS from $9.00 to $10.00 and gave the stock a market perform rating in a report on Thursday, August 31st. BidaskClub downgraded shares of Chico’s FAS from a sell rating to a strong sell rating in a report on Wednesday, July 19th. KeyCorp reaffirmed a hold rating on shares of Chico’s FAS in a report on Friday, September 1st. FBR & Co reaffirmed a buy rating and set a $14.00 price objective (down from $16.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Finally, Zacks Investment Research raised shares of Chico’s FAS from a strong sell rating to a hold rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $12.31.

Chico’s FAS (NYSE CHS) opened at 8.95 on Thursday. The stock’s 50 day moving average is $8.25 and its 200 day moving average is $10.69. Chico’s FAS has a one year low of $6.96 and a one year high of $16.85. The firm has a market capitalization of $1.12 billion, a P/E ratio of 12.48 and a beta of 0.63.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The business’s revenue was down 9.0% on a year-over-year basis. On average, equities research analysts predict that Chico’s FAS will post $0.65 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its position in shares of Chico’s FAS by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock valued at $1,219,000 after acquiring an additional 413 shares during the period. Liberty Mutual Group Asset Management Inc. increased its position in shares of Chico’s FAS by 0.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 58,215 shares of the specialty retailer’s stock valued at $826,000 after acquiring an additional 461 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Chico’s FAS by 6.6% in the first 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. Comerica Bank increased its position in shares of Chico’s FAS by 0.5% in the second quarter. Comerica Bank now owns 101,736 shares of the specialty retailer’s stock valued at $874,000 after acquiring an additional 507 shares during the period. Finally, Advantus Capital Management Inc increased its position in shares of Chico’s FAS by 3.7% in the first quarter. Advantus Capital Management Inc now owns 16,543 shares of the specialty retailer’s stock valued at $235,000 after acquiring an additional 583 shares during the period.

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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