Chico’s FAS Inc. (NYSE:CHS) was downgraded by equities research analysts at KeyCorp to an “overweight” rating in a research note issued to investors on Tuesday.

Other analysts also recently issued research reports about the stock. Citigroup Inc. raised shares of Chico’s FAS from a “neutral” rating to a “buy” rating in a report on Monday. Wolfe Research upgraded shares of Chico’s FAS from a “peer perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Monday. Jefferies Group reiterated a “hold” rating on shares of Chico’s FAS in a research note on Monday, August 1st. Zacks Investment Research cut shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, FBR & Co reiterated an “outperform” rating and issued a $17.00 price objective on shares of Chico’s FAS in a research note on Saturday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $13.47.

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

Shares of Chico’s FAS (NYSE:CHS) opened at 14.79 on Tuesday. The stock’s 50 day moving average is $12.07 and its 200 day moving average is $11.71. The company has a market capitalization of $1.91 billion, a PE ratio of 94.20 and a beta of 0.73. Chico’s FAS has a 1-year low of $9.61 and a 1-year high of $15.07.

Chico’s FAS (NYSE:CHS) last announced its 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 the consensus estimate of $632.49 million. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. Chico’s FAS’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, equities research analysts anticipate that Chico’s FAS will post $0.68 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CHS. Deprince Race & Zollo Inc. raised its stake in Chico’s FAS by 21.0% in the second quarter. Deprince Race & Zollo Inc. now owns 2,810,591 shares of the company’s stock worth $30,101,000 after buying an additional 487,852 shares during the last quarter. American Century Companies Inc. raised its stake in Chico’s FAS by 79.3% in the second quarter. American Century Companies Inc. now owns 50,725 shares of the company’s stock worth $543,000 after buying an additional 22,438 shares during the last quarter. Strs Ohio raised its stake in Chico’s FAS by 10.2% in the second quarter. Strs Ohio now owns 93,200 shares of the company’s stock worth $998,000 after buying an additional 8,600 shares during the last quarter. Bank of Montreal Can acquired a new stake in Chico’s FAS during the second quarter worth $209,000. Finally, Oakbrook Investments LLC raised its stake in Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the last quarter. 91.75% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:CHS

Receive News & Stock Ratings for Chico's FAS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS Inc. and related stocks with our FREE daily email newsletter.