Chico’s FAS, Inc. (NYSE:CHS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, July 25th.

According to Zacks, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets. “

Several other brokerages have also recently weighed in on CHS. BidaskClub cut shares of Chico’s FAS from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $16.00 target price on shares of Chico’s FAS and gave the company a “buy” rating in a report on Tuesday, May 16th. Deutsche Bank AG dropped their target price on shares of Chico’s FAS from $16.00 to $11.00 and set a “hold” rating on the stock in a report on Thursday, May 25th. Citigroup Inc. dropped their target price on shares of Chico’s FAS from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Jefferies Group LLC set a $14.00 target price on shares of Chico’s FAS and gave the company a “hold” rating in a report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Chico’s FAS currently has a consensus rating of “Hold” and an average target price of $13.43.

Shares of Chico’s FAS (CHS) opened at 9.11 on Tuesday. The firm has a market cap of $1.15 billion, a P/E ratio of 12.71 and a beta of 0.66. Chico’s FAS has a 52 week low of $8.44 and a 52 week high of $16.85. The company’s 50-day moving average price is $9.02 and its 200 day moving average price is $12.05.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.03. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. The business had revenue of $583.70 million during the quarter, compared to the consensus estimate of $624.75 million. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Chico’s FAS will post $0.79 earnings per share for the current year.

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In related news, Director Ross E. Roeder sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ross E. Roeder sold 10,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $9.75, for a total transaction of $97,500.00. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. OLD National Bancorp IN raised its stake in Chico’s FAS by 0.5% in the first quarter. OLD National Bancorp IN now owns 49,189 shares of the specialty retailer’s stock worth $698,000 after buying an additional 237 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Chico’s FAS by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock worth $1,219,000 after buying an additional 413 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in Chico’s FAS by 0.8% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 58,215 shares of the specialty retailer’s stock worth $826,000 after buying an additional 461 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after buying an additional 473 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in Chico’s FAS by 1.0% in the first quarter. State Treasurer State of Michigan now owns 52,500 shares of the specialty retailer’s stock worth $746,000 after buying an additional 500 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.

Chico’s FAS Company Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

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

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