Chico’s FAS, Inc. (CHS) Shares Up -0.9%
Shares of Chico’s FAS, Inc. (NYSE:CHS) shot up 0.9% during mid-day trading on Wednesday . The company traded as high as $7.86 and last traded at $7.40. 3,392,700 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 2,942,517 shares. The stock had previously closed at $7.47.
A number of analysts have weighed in on CHS shares. BidaskClub raised Chico’s FAS from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised Chico’s FAS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. FBR & Co reaffirmed a “buy” rating and set a $14.00 price objective on shares of Chico’s FAS in a research report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $8.00 price objective (up from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. Finally, Bank of America Corporation cut Chico’s FAS from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $8.50 to $7.00 in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.33.
The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $958.50, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.05 and a beta of 0.69.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 EPS 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 net margin of 3.94% and a return on equity of 15.57%. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. sell-side analysts predict that Chico’s FAS, Inc. will post 0.63 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its stake in Chico’s FAS by 0.6% in the 3rd quarter. Sterling Capital Management LLC now owns 2,495,749 shares of the specialty retailer’s stock valued at $22,337,000 after purchasing an additional 14,790 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Chico’s FAS in the 3rd quarter valued at approximately $250,000. California Public Employees Retirement System increased its stake in Chico’s FAS by 11.2% in the 3rd quarter. California Public Employees Retirement System now owns 550,128 shares of the specialty retailer’s stock valued at $4,924,000 after purchasing an additional 55,228 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Chico’s FAS by 124.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,510 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 12,462 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Chico’s FAS in the 3rd quarter valued at approximately $296,000.
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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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