MKM Partners Increases Chico’s FAS Inc. (CHS) Price Target to $15.00
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.
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.
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.
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.