Chico’s FAS Inc. (NYSE:CHS) was upgraded by equities researchers at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Monday. The brokerage presently has a $16.00 price objective on the stock. Wolfe Research’s price target would suggest a potential upside of 11.03% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group reissued a “hold” rating on shares of Chico’s FAS in a research report on Monday, August 1st. Zacks Investment Research cut shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. FBR & Co reissued an “outperform” rating and set a $17.00 target price on shares of Chico’s FAS in a research report on Saturday, September 3rd. Mizuho increased their target price on shares of Chico’s FAS from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, September 28th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $13.74.

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

Shares of Chico’s FAS (NYSE:CHS) opened at 14.41 on Monday. Chico’s FAS has a 12 month low of $9.61 and a 12 month high of $13.82. The stock’s 50 day moving average is $12.07 and its 200-day moving average is $11.71. The company has a market cap of $1.86 billion, a P/E ratio of 91.78 and a beta of 0.73.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, August 30th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The company earned $635.70 million during the quarter, compared to analysts’ expectations of $632.49 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Chico’s FAS’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities analysts forecast that Chico’s FAS will post $0.68 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Chico’s FAS by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 6,731,576 shares of the company’s stock valued at $80,106,000 after buying an additional 1,837,430 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Chico’s FAS during the second quarter valued at about $16,978,000. Peregrine Capital Management LLC bought a new stake in shares of Chico’s FAS during the third quarter valued at about $14,307,000. Dimensional Fund Advisors LP raised its stake in shares of Chico’s FAS by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,038,059 shares of the company’s stock valued at $53,957,000 after buying an additional 1,029,247 shares during the period. Finally, Gotham Asset Management LLC raised its stake in shares of Chico’s FAS by 3,975.6% in the third quarter. Gotham Asset Management LLC now owns 543,364 shares of the company’s stock valued at $6,466,000 after buying an additional 530,032 shares during the period. Institutional investors and hedge funds own 91.75% 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.

5 Day Chart for NYSE:CHS

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