KeyCorp Reaffirms “Hold” Rating for Chico’s FAS, Inc. (CHS)
A number of other equities analysts have also commented on CHS. BidaskClub lowered shares of Chico’s FAS from a sell rating to a strong sell rating in a research report on Wednesday, July 19th. 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. Royal Bank Of Canada reaffirmed a buy rating and set a $12.00 target price on shares of Chico’s FAS in a research report on Thursday, August 17th. Jefferies Group LLC set a $11.00 target price on shares of Chico’s FAS and gave the stock a hold rating in a research report on Friday, August 18th. Finally, FBR & Co reaffirmed a buy rating and set a $14.00 target price (down from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Chico’s FAS has a consensus rating of Hold and a consensus price target of $11.00.
Shares of Chico’s FAS (NYSE:CHS) traded up $0.09 during trading hours on Thursday, hitting $7.98. 4,029,979 shares of the stock were exchanged, compared to its average volume of 2,639,111. The stock has a market capitalization of $1,023.95, a price-to-earnings ratio of 10.78, a PEG ratio of 1.12 and a beta of 0.69. Chico’s FAS has a fifty-two week low of $6.96 and a fifty-two week high of $16.85. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.
Chico’s FAS (NYSE:CHS) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). The company had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. sell-side analysts expect that Chico’s FAS will post 0.63 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Chico’s FAS by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 3,547,401 shares of the specialty retailer’s stock valued at $33,415,000 after acquiring an additional 270,838 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Chico’s FAS by 48.4% in the second quarter. Canada Pension Plan Investment Board now owns 457,384 shares of the specialty retailer’s stock valued at $4,309,000 after acquiring an additional 149,200 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Chico’s FAS in the second quarter valued at approximately $157,000. Quinn Opportunity Partners LLC acquired a new stake in Chico’s FAS in the second quarter valued at approximately $1,325,000. Finally, Goldman Sachs Group Inc. boosted its stake in Chico’s FAS by 32.6% in the second quarter. Goldman Sachs Group Inc. now owns 2,062,265 shares of the specialty retailer’s stock valued at $19,427,000 after acquiring an additional 506,483 shares in the last quarter.
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.
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