Royal Bank of Canada Reiterates “Buy” Rating for Chico's FAS (CHS)
Royal Bank of Canada reissued their buy rating on shares of Chico's FAS (NYSE:CHS) in a research note published on Thursday. The firm currently has a $11.00 price target on the specialty retailer’s stock.
A number of other analysts have also recently commented on the company. Zacks Investment Research cut Chico's FAS from a buy rating to a hold rating in a research report on Monday, January 22nd. SunTrust Banks set a $10.00 price objective on Chico's FAS and gave the company a buy rating in a research report on Friday, November 17th. B. Riley reiterated a buy rating and set a $14.00 price objective on shares of Chico's FAS in a research report on Wednesday, November 22nd. KeyCorp reiterated a hold rating on shares of Chico's FAS in a research report on Thursday, November 16th. Finally, Telsey Advisory Group reiterated a market perform rating on shares of Chico's FAS in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $10.92.
Shares of Chico's FAS (NYSE:CHS) opened at $9.63 on Thursday. The company has a market capitalization of $1,230.00, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.20 and a beta of 0.73. The company has a current ratio of 1.93, a quick ratio of 0.88 and a debt-to-equity ratio of 0.08. Chico's FAS has a 1 year low of $6.96 and a 1 year high of $14.60.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a $0.085 dividend. This is a boost from Chico's FAS’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.34 dividend on an annualized basis and a yield of 3.53%. Chico's FAS’s dividend payout ratio is presently 46.48%.
A number of institutional investors and hedge funds have recently modified their holdings of CHS. Dynamic Technology Lab Private Ltd purchased a new stake in Chico's FAS in the third quarter worth about $108,000. Elkfork Partners LLC purchased a new stake in Chico's FAS in the fourth quarter worth about $124,000. Cerebellum GP LLC purchased a new stake in Chico's FAS in the fourth quarter worth about $125,000. Pinebridge Investments L.P. purchased a new stake in shares of Chico's FAS during the third quarter worth about $142,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Chico's FAS during the third quarter worth about $145,000. Institutional investors and hedge funds own 99.84% 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.
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