Chico’s FAS, Inc. (CHS) Receives “Hold” Rating from Deutsche Bank AG
Chico’s FAS, Inc. (NYSE:CHS)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank AG in a note issued to investors on Thursday. They currently have a $8.00 price objective on the specialty retailer’s stock, down from their prior price objective of $11.00. Deutsche Bank AG’s price target suggests a potential upside of 4.17% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. BidaskClub downgraded shares of Chico’s FAS from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reiterated a “hold” rating and set a $11.00 price objective on shares of Chico’s FAS in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Chico’s FAS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation reduced their price objective on shares of Chico’s FAS from $16.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.86.
Chico’s FAS (NYSE:CHS) traded up 2.13% during midday trading on Thursday, hitting $7.68. 4,079,765 shares of the stock traded hands. Chico’s FAS has a one year low of $7.29 and a one year high of $16.85. The company’s 50-day moving average is $8.60 and its 200-day moving average is $11.43. The company has a market cap of $968.06 million, a PE ratio of 10.71 and a beta of 0.66.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue was down 9.0% compared to the same quarter last year. Equities research analysts expect that Chico’s FAS will post $0.74 EPS for the current fiscal year.
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In related news, Director Ross E. Roeder sold 10,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $9.75, for a total value of $97,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in CHS. Parkwood LLC purchased a new stake in Chico’s FAS during the second quarter worth $102,000. PNC Financial Services Group Inc. boosted 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 during the period. TrimTabs Asset Management LLC boosted its stake in Chico’s FAS by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock worth $123,000 after buying an additional 4,080 shares during the period. Flinton Capital Management LLC boosted its stake in Chico’s FAS by 85.7% in the second quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after buying an additional 6,356 shares during the period. Finally, Welch & Forbes LLC purchased a new stake in Chico’s FAS during the second quarter worth $133,000.
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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