Chico’s FAS, Inc. (NYSE:CHS)’s share price traded down 4.2% during mid-day trading on Monday . The company traded as low as $7.44 and last traded at $8.02. 3,318,300 shares changed hands during trading, an increase of 13% from the average session volume of 2,942,270 shares. The stock had previously closed at $7.70.

A number of equities analysts have recently issued reports on the company. FBR & Co reissued a “buy” rating and set a $14.00 price target (down previously from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Zacks Investment Research raised Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group LLC reissued a “hold” rating and set a $8.00 price target (up previously from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. B. Riley reissued a “buy” rating on shares of Chico’s FAS in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Chico’s FAS in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Chico’s FAS presently has an average rating of “Hold” and a consensus target price of $11.69.

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.78 and a quick ratio of 0.89. The stock has a market cap of $958.50, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.13 and a beta of 0.69.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). The business had revenue of $578.60 million during 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%. Chico’s FAS’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. sell-side analysts anticipate that Chico’s FAS, Inc. will post 0.63 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of CHS. Bank of New York Mellon Corp raised its stake in shares of Chico’s FAS by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 3,547,401 shares of the specialty retailer’s stock worth $33,415,000 after purchasing an additional 270,838 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Chico’s FAS by 48.4% during the second quarter. Canada Pension Plan Investment Board now owns 457,384 shares of the specialty retailer’s stock valued at $4,309,000 after acquiring an additional 149,200 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Chico’s FAS during the second quarter valued at approximately $157,000. Vanguard Group Inc. raised its position in Chico’s FAS by 25.2% during the first quarter. Vanguard Group Inc. now owns 12,462,465 shares of the specialty retailer’s stock valued at $176,967,000 after acquiring an additional 2,511,021 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in Chico’s FAS during the second quarter valued at approximately $1,325,000.

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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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