ValuEngine Downgrades Chico’s FAS, Inc. (CHS) to Hold
Chico’s FAS, Inc. (NYSE:CHS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
CHS has been the subject of a number of other reports. Bank of America Corporation cut their price objective on Chico’s FAS from $16.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, May 25th. Zacks Investment Research cut Chico’s FAS from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. 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. Finally, Jefferies Group LLC restated a “hold” rating and set a $11.00 price target on shares of Chico’s FAS in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.54.
Shares of Chico’s FAS (NYSE:CHS) traded up 5.34% during mid-day trading on Friday, hitting $8.09. 3,906,800 shares of the stock traded hands. The company has a market capitalization of $1.02 billion, a PE ratio of 11.28 and a beta of 0.66. Chico’s FAS has a 1-year low of $7.52 and a 1-year high of $16.85. The company’s 50-day moving average price is $8.47 and its 200 day moving average price is $11.22.
Chico’s FAS (NYSE:CHS) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $578.60 million during the quarter, compared to analysts’ expectations of $578.58 million. During the same period last year, the firm posted $0.25 EPS. Chico’s FAS’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities research analysts forecast that Chico’s FAS will post $0.67 EPS for the current fiscal year.
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In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $9.75, for a total value of $97,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its stake in Chico’s FAS by 9.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 129,010 shares of the specialty retailer’s stock worth $1,832,000 after buying an additional 10,891 shares during the last quarter. Chicago Equity Partners LLC raised its stake in Chico’s FAS by 16.9% in the first quarter. Chicago Equity Partners LLC now owns 249,880 shares of the specialty retailer’s stock worth $3,548,000 after buying an additional 36,200 shares during the last quarter. LSV Asset Management acquired a new stake in Chico’s FAS during the first quarter worth $194,000. State Treasurer State of Michigan raised its stake in Chico’s FAS by 1.0% in the first quarter. State Treasurer State of Michigan now owns 52,500 shares of the specialty retailer’s stock worth $746,000 after buying an additional 500 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Chico’s FAS by 8.6% in the first quarter. Wedge Capital Management L L P NC now owns 22,358 shares of the specialty retailer’s stock worth $317,000 after buying an additional 1,762 shares during 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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