SunTrust Banks, Inc. set a $10.00 price target on Chico’s FAS, Inc. (NYSE:CHS) in a research note published on Friday. The firm currently has a buy rating on the specialty retailer’s stock. SunTrust Banks also issued estimates for Chico’s FAS’s Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.59 EPS and FY2019 earnings at $0.63 EPS.

CHS has been the subject of several other research reports. Zacks Investment Research raised shares of Chico’s FAS from a sell rating to a hold rating in a report on Tuesday, October 31st. Jefferies Group LLC reaffirmed a hold rating and set a $8.00 target price (up previously from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. Deutsche Bank AG reaffirmed a hold rating and set a $8.00 target price (down previously from $11.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Citigroup Inc. downgraded shares of Chico’s FAS from a buy rating to a neutral rating in a report on Monday, October 16th. Finally, Bank of America Corporation downgraded shares of Chico’s FAS from a neutral rating to an underperform rating and reduced their target price for the stock from $8.50 to $7.00 in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Chico’s FAS has a consensus rating of Hold and an average price target of $11.00.

Chico’s FAS (NYSE CHS) opened at $7.98 on Friday. The firm has a market cap of $1,023.94, a PE ratio of 10.78, a PEG ratio of 1.13 and a beta of 0.69. Chico’s FAS has a 52 week low of $6.96 and a 52 week high of $16.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.78.

Chico’s FAS (NYSE:CHS) last announced its 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 company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. research analysts predict that Chico’s FAS will post 0.63 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of CHS. Vanguard Group Inc. raised its position in shares of Chico’s FAS by 21.4% in the 2nd quarter. Vanguard Group Inc. now owns 15,134,008 shares of the specialty retailer’s stock valued at $142,563,000 after buying an additional 2,671,543 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Chico’s FAS by 108.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,259,455 shares of the specialty retailer’s stock valued at $11,273,000 after buying an additional 654,970 shares in the last quarter. FMR LLC raised its position in shares of Chico’s FAS by 56.8% in the 2nd quarter. FMR LLC now owns 1,738,378 shares of the specialty retailer’s stock valued at $16,376,000 after buying an additional 629,486 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Chico’s FAS by 43.5% in the 2nd quarter. Wells Fargo & Company MN now owns 1,991,298 shares of the specialty retailer’s stock valued at $18,757,000 after buying an additional 603,356 shares in the last quarter. Finally, Hancock Holding Co. raised its position in shares of Chico’s FAS by 925.2% in the 2nd quarter. Hancock Holding Co. now owns 664,360 shares of the specialty retailer’s stock valued at $6,258,000 after buying an additional 599,560 shares in the last quarter.

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.

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

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