Deutsche Bank AG Increases Chico’s FAS Inc. (CHS) Price Target to $13.00
Chico’s FAS Inc. (NYSE:CHS) had its price target upped by research analysts at Deutsche Bank AG from $12.00 to $13.00 in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 16.56% from the stock’s current price.
CHS has been the subject of several other research reports. Citigroup Inc. raised Chico’s FAS from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $16.00 in a report on Monday, November 14th. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Monday, October 24th. Jefferies Group reaffirmed a “hold” rating and set a $11.00 target price on shares of Chico’s FAS in a report on Thursday, September 29th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Chico’s FAS in a report on Wednesday, September 7th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $14.00 target price (up previously from $13.00) on shares of Chico’s FAS in a report on Sunday, September 4th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.37.
Chico’s FAS (NYSE:CHS) opened at 15.58 on Wednesday. The stock has a 50 day moving average of $12.66 and a 200-day moving average of $11.82. Chico’s FAS has a 12-month low of $9.61 and a 12-month high of $16.07. The company has a market cap of $2.01 billion, a PE ratio of 99.24 and a beta of 0.73.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. Chico’s FAS had a return on equity of 16.23% and a net margin of 2.24%. The company earned $596.90 million during the quarter, compared to analyst estimates of $610.83 million. During the same quarter last year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Chico’s FAS will post $0.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be given a $0.08 dividend. The ex-dividend date is Thursday, December 1st. This represents a $0.32 annualized dividend and a yield of 2.05%. Chico’s FAS’s payout ratio is currently 76.19%.
A number of hedge funds have recently made changes to their positions in the stock. Panagora Asset Management Inc. increased its stake in shares of Chico’s FAS by 15.0% in the first quarter. Panagora Asset Management Inc. now owns 997,124 shares of the company’s stock valued at $13,232,000 after buying an additional 129,736 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of Chico’s FAS by 6.0% in the first quarter. First Republic Investment Management Inc. now owns 44,785 shares of the company’s stock valued at $593,000 after buying an additional 2,553 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Chico’s FAS during the first quarter worth approximately $322,000. BNP Paribas Arbitrage SA increased its position in shares of Chico’s FAS by 1,668.2% in the second quarter. BNP Paribas Arbitrage SA now owns 158,497 shares of the company’s stock worth $1,698,000 after buying an additional 149,533 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Chico’s FAS during the second quarter worth approximately $199,000. Hedge funds and other 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.
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