Nomura lowered shares of Chico’s FAS Inc. (NYSE:CHS) from a buy rating to a neutral rating in a research report sent to investors on Wednesday. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued reports about the stock. Mizuho boosted their target price on shares of Chico’s FAS from $13.00 to $15.00 and gave the stock a buy rating in a research report on Wednesday, August 31st. FBR & Co set a $17.00 price objective on shares of Chico’s FAS and gave the stock a buy rating in a research report on Thursday, September 29th. Zacks Investment Research upgraded shares of Chico’s FAS from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research report on Monday, October 24th. Citigroup Inc. upgraded shares of Chico’s FAS from a neutral rating to a buy rating and boosted their price objective for the stock from $13.00 to $16.00 in a research report on Monday. Finally, Stifel Nicolaus reiterated a hold rating on shares of Chico’s FAS in a research report on Tuesday, August 30th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Chico’s FAS currently has a consensus rating of Hold and a consensus price target of $13.74.

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

Chico’s FAS (NYSE:CHS) traded up 0.62% on Wednesday, reaching $14.54. 1,233,175 shares of the company’s stock were exchanged. Chico’s FAS has a 1-year low of $9.61 and a 1-year high of $15.07. The company has a 50 day moving average price of $12.25 and a 200-day moving average price of $11.73. The company has a market capitalization of $1.88 billion, a PE ratio of 92.61 and a beta of 0.73.

Chico’s FAS (NYSE:CHS) last issued 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 company had revenue of $635.70 million for 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 business’s revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. On average, equities research analysts anticipate that Chico’s FAS will post $0.68 earnings per share for the current year.

A number of large investors have recently modified their holdings of CHS. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Chico’s FAS during the second quarter worth approximately $100,000. LS Investment Advisors LLC raised its position in shares of Chico’s FAS by 5.5% in the third quarter. LS Investment Advisors LLC now owns 8,756 shares of the company’s stock worth $104,000 after buying an additional 455 shares during the period. Oakbrook Investments LLC raised its position in shares of 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 period. Marshall Wace LLP acquired a new position in shares of Chico’s FAS during the second quarter worth approximately $117,000. Finally, Royal Bank of Canada raised its position in shares of Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock worth $121,000 after buying an additional 10,842 shares during the period. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

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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