Chico’s FAS’s (CHS) Buy Rating Reiterated at Citigroup Inc.
Citigroup Inc. reiterated their buy rating on shares of Chico’s FAS, Inc. (NYSE:CHS) in a research note released on Friday. Citigroup Inc. currently has a $10.00 price target on the specialty retailer’s stock, down from their prior price target of $13.00.
CHS has been the subject of several other reports. Zacks Investment Research raised Chico’s FAS from a strong sell rating to a hold rating in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a hold rating and set a $8.00 price objective (down from $11.00) on shares of Chico’s FAS in a research report on Thursday. Jefferies Group LLC set a $14.00 price objective on Chico’s FAS and gave the stock a hold rating in a research report on Thursday, May 4th. BidaskClub raised Chico’s FAS from a strong sell rating to a sell rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada reaffirmed a buy rating on shares of Chico’s FAS in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $12.54.
Shares of Chico’s FAS (NYSE:CHS) opened at 8.09 on Friday. The firm has a 50-day moving average price of $8.47 and a 200-day moving average price of $11.22. Chico’s FAS has a 1-year low of $6.96 and a 1-year high of $16.85. The stock has a market capitalization of $1.02 billion, a PE ratio of 11.28 and a beta of 0.63.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The business had revenue of $578.60 million for the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Chico’s FAS will post $0.67 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be given a $0.0825 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.08%. Chico’s FAS’s dividend payout ratio (DPR) is presently 45.83%.
In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $9.75, for a total transaction of $97,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in Chico’s FAS by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after acquiring an additional 473 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Chico’s FAS by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 4,080 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Chico’s FAS during the 1st quarter valued at approximately $142,000. Accredited Investors Inc. purchased a new stake in Chico’s FAS during the 1st quarter valued at approximately $142,000. Finally, Ronald Blue & Co. LLC purchased a new stake in Chico’s FAS during the 1st quarter valued at approximately $147,000.
About Chico’s FAS
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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