Citigroup Inc. upgraded shares of Chico’s FAS Inc. (NYSE:CHS) from a neutral rating to a buy rating in a research report sent to investors on Monday morning. The brokerage currently has $16.00 target price on the stock, up from their prior target price of $13.00.

Several other analysts also recently weighed in on CHS. Deutsche Bank AG reiterated a hold rating on shares of Chico’s FAS in a research report on Thursday, August 25th. Zacks Investment Research upgraded 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 and set a $11.00 target price on shares of Chico’s FAS in a research report on Thursday, September 29th. Stifel Nicolaus restated a hold rating on shares of Chico’s FAS in a research note on Tuesday, August 30th. Finally, Mizuho raised their price target on Chico’s FAS from $13.00 to $15.00 and gave the company a buy rating in a research note on Wednesday, August 31st. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $13.74.

Chico’s FAS (NYSE:CHS) traded up 0.90% during mid-day trading on Monday, hitting $14.58. 295,773 shares of the stock were exchanged. Chico’s FAS has a 52-week low of $9.61 and a 52-week high of $15.07. The stock has a 50 day moving average of $12.25 and a 200-day moving average of $11.73. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 92.87 and a beta of 0.73.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company earned $635.70 million during the quarter, compared to the consensus estimate of $632.49 million. Chico’s FAS had a return on equity of 14.41% and a net margin of 0.84%. Chico’s FAS’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. Equities analysts predict that Chico’s FAS will post $0.68 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Chico’s FAS by 5.3% in the third quarter. BlackRock Fund Advisors now owns 6,890,210 shares of the company’s stock valued at $81,993,000 after buying an additional 344,459 shares during the last quarter. JPMorgan Chase & Co. boosted 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 last quarter. Dimensional Fund Advisors LP boosted 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 last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Chico’s FAS by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,254,548 shares of the company’s stock valued at $45,566,000 after buying an additional 77,568 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Chico’s FAS by 1.2% in the second quarter. Sterling Capital Management LLC now owns 3,223,582 shares of the company’s stock valued at $34,525,000 after buying an additional 37,188 shares during the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.

Chico’s FAS Company Profile

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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