Chico’s FAS Inc. (CHS) Given a $15.00 Price Target by Mizuho Analysts
Chico’s FAS Inc. (NYSE:CHS) received a $15.00 price target from stock analysts at Mizuho in a report issued on Thursday. The firm currently has a a “buy” rating on the stock. Mizuho’s target price would indicate a potential upside of 26.05% from the stock’s previous close.
CHS has been the subject of a number of other research reports. KeyCorp reiterated a “buy” rating and issued a $15.00 target price on shares of Chico’s FAS in a research report on Thursday, June 23rd. Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Monday, August 22nd. Jefferies Group reiterated a “hold” rating on shares of Chico’s FAS in a research report on Monday, August 1st. Nomura reiterated a “buy” rating and issued a $12.00 target price on shares of Chico’s FAS in a research report on Wednesday, July 6th. Finally, Piper Jaffray Cos. increased their target price on shares of Chico’s FAS from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Wednesday, August 31st. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.26.
Shares of Chico’s FAS (NYSE:CHS) opened at 11.90 on Thursday. The stock has a market capitalization of $1.54 billion, a P/E ratio of 75.80 and a beta of 0.88. The stock’s 50 day moving average is $12.08 and its 200-day moving average is $11.84. Chico’s FAS has a one year low of $9.61 and a one year high of $15.63.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The business earned $635.70 million during the quarter, compared to analyst estimates of $632.49 million. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, equities research analysts expect that Chico’s FAS will post $0.68 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Chico’s FAS during the first quarter worth approximately $326,000. Ngam Advisors L.P. increased its position in Chico’s FAS by 32.1% in the first quarter. Ngam Advisors L.P. now owns 51,760 shares of the company’s stock worth $687,000 after buying an additional 12,585 shares in the last quarter. Teachers Advisors Inc. increased its position in Chico’s FAS by 351.6% in the first quarter. Teachers Advisors Inc. now owns 958,536 shares of the company’s stock worth $12,720,000 after buying an additional 746,280 shares in the last quarter. JPMorgan Chase & Co. increased its position in Chico’s FAS by 9.5% in the first quarter. JPMorgan Chase & Co. now owns 3,603,540 shares of the company’s stock worth $47,818,000 after buying an additional 311,749 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new position in Chico’s FAS during the first quarter worth approximately $279,000. Hedge funds and other institutional investors own 92.63% of the company’s stock.
About Chico’s FAS
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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