Chico’s FAS Inc. (CHS) Given Average Rating of “Buy” by Analysts
Shares of Chico’s FAS Inc. (NYSE:CHS) have received an average rating of “Buy” from the twenty-one research firms that are currently covering the company. Nine investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.50.
A number of equities analysts have weighed in on CHS shares. 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 issued a $11.00 price target on shares of Chico’s FAS in a research report on Thursday, September 29th. Stifel Nicolaus reiterated a “hold” rating on shares of Chico’s FAS in a research report on Tuesday, August 30th. Finally, Mizuho upped 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 report on Wednesday, August 31st.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Credit Suisse AG boosted its position in 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 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 bought a new position in Chico’s FAS during the third quarter worth approximately $226,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Chico’s FAS during the third quarter worth approximately $243,000. Finally, Boston Private Wealth LLC boosted its position in 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. Hedge funds and other institutional investors own 91.80% of the company’s stock.
Chico’s FAS (NYSE:CHS) traded down 0.20% during trading on Wednesday, hitting $15.22. 1,402,482 shares of the company traded hands. The company’s 50 day moving average is $12.85 and its 200-day moving average is $11.87. The stock has a market capitalization of $1.96 billion, a PE ratio of 36.76 and a beta of 0.73. 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 for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.07. The business earned $596.90 million during the quarter, compared to analyst estimates of $610.83 million. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.24%. The company’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. Analysts predict that Chico’s FAS will post $0.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s payout ratio is presently 76.19%.
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.