Chico’s FAS Inc. (NYSE:CHS) had its price objective hoisted by research analysts at MKM Partners from $12.00 to $15.00 in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. MKM Partners’ price objective points to a potential downside of 5.36% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. 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 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 and set a $11.00 target price on shares of Chico’s FAS in a research report on Thursday, September 29th. Stifel Nicolaus reissued a “hold” rating on shares of Chico’s FAS in a research note on Tuesday, August 30th. Finally, Mizuho lifted their price target on shares of Chico’s FAS from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.21.

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

Chico’s FAS (NYSE:CHS) traded down 1.70% during trading on Wednesday, reaching $15.58. 3,328,135 shares of the company were exchanged. The firm’s 50-day moving average is $12.55 and its 200 day moving average is $11.80. The company has a market capitalization of $2.01 billion, a P/E ratio of 99.24 and a beta of 0.73. Chico’s FAS has a one year low of $9.61 and a one year high of $16.07.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The company earned $596.90 million during the quarter, compared to analyst estimates of $610.83 million. During the same period last year, the business earned $0.13 earnings per share. Chico’s FAS’s revenue was down 6.9% compared to the same quarter last year. On average, analysts anticipate that Chico’s FAS will post $0.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s payout ratio is 213.33%.

A number of institutional investors have recently made changes to their positions in the company. Credit Suisse AG boosted its position in shares of Chico’s FAS by 30.9% in the third quarter. Credit Suisse AG now owns 416,161 shares of the company’s stock worth $4,952,000 after buying an additional 98,280 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Chico’s FAS by 69.1% in the third quarter. Ameritas Investment Partners Inc. now owns 51,732 shares of the company’s stock worth $616,000 after buying an additional 21,141 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Chico’s FAS during the third quarter worth about $226,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Chico’s FAS during the third quarter worth about $243,000. Finally, Boston Private Wealth LLC boosted its position in shares of Chico’s FAS by 20.3% in the third quarter. Boston Private Wealth LLC now owns 20,854 shares of the company’s stock worth $248,000 after buying an additional 3,515 shares during the last quarter. Institutional investors own 90.90% of the company’s stock.

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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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