Chico’s FAS Inc. (CHS) Given a $13.00 Price Target by Jefferies Group Analysts
Chico’s FAS Inc. (NYSE:CHS) has been assigned a $13.00 target price by stock analysts at Jefferies Group in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential downside of 16.29% from the company’s previous close.
A number of other brokerages have also weighed in on CHS. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Chico’s FAS in a research report on Tuesday, November 22nd. Telsey Advisory Group lifted their price objective on Chico’s FAS from $13.00 to $17.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 23rd. Deutsche Bank AG lifted their price objective on Chico’s FAS from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, November 23rd. MKM Partners lifted their price objective on Chico’s FAS from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 23rd. Finally, Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Chico’s FAS presently has a consensus rating of “Buy” and an average target price of $14.50.
Shares of Chico’s FAS (NYSE:CHS) opened at 15.53 on Thursday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 98.92 and a beta of 0.73. The company has a 50-day moving average price of $12.76 and a 200-day moving average price of $11.85. Chico’s FAS has a 52-week low of $9.61 and a 52-week high of $16.07.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.07. Chico’s FAS had a return on equity of 16.24% and a net margin of 2.24%. The business had revenue of $596.90 million for the quarter, compared to analyst estimates of $610.83 million. Chico’s FAS’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, equities analysts anticipate that Chico’s FAS will post $0.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s dividend payout ratio (DPR) is presently 76.19%.
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A number of hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its stake in 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. Fuller & Thaler Asset Management Inc. purchased a new stake in Chico’s FAS during the second quarter worth approximately $100,000. Nine Chapters Capital Management LLC purchased a new stake in Chico’s FAS during the third quarter worth approximately $125,000. Oakbrook Investments LLC boosted its stake in 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. Finally, World Asset Management Inc purchased a new stake in Chico’s FAS during the third quarter worth approximately $128,000. Institutional investors own 90.90% of the company’s stock.
About Chico’s FAS
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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