ValuEngine lowered shares of Chico’s FAS (NYSE:CHS) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Several other research analysts have also issued reports on CHS. Zacks Investment Research lowered shares of Chico’s FAS from a hold rating to a sell rating in a research note on Tuesday, May 1st. TheStreet raised shares of Chico’s FAS from a c+ rating to a b- rating in a research note on Monday, May 21st. SunTrust Banks reduced their target price on shares of Chico’s FAS from $14.00 to $10.00 and set a buy rating on the stock in a research note on Thursday, May 31st. Telsey Advisory Group reduced their target price on shares of Chico’s FAS from $11.00 to $9.00 and set a market perform rating on the stock in a research note on Thursday, May 31st. Finally, Citigroup reduced their target price on shares of Chico’s FAS from $10.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, May 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Chico’s FAS currently has a consensus rating of Hold and a consensus target price of $9.88.

Shares of NYSE CHS opened at $8.83 on Tuesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.00 and a beta of 0.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.88. Chico’s FAS has a 1 year low of $6.96 and a 1 year high of $10.90.

Chico’s FAS (NYSE:CHS) last issued its earnings results on Wednesday, May 30th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). The business had revenue of $561.80 million during the quarter, compared to the consensus estimate of $551.99 million. Chico’s FAS had a net margin of 4.26% and a return on equity of 12.82%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. analysts expect that Chico’s FAS will post 0.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 17th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, September 14th. Chico’s FAS’s payout ratio is 50.00%.

A number of institutional investors have recently added to or reduced their stakes in CHS. Element Capital Management LLC bought a new position in Chico’s FAS during the 1st quarter worth approximately $139,000. Janney Montgomery Scott LLC bought a new position in Chico’s FAS during the 2nd quarter worth approximately $150,000. Itau Unibanco Holding S.A. bought a new position in Chico’s FAS during the 2nd quarter worth approximately $163,000. Royal Bank of Canada boosted its stake in Chico’s FAS by 208.2% during the 1st quarter. Royal Bank of Canada now owns 18,186 shares of the specialty retailer’s stock worth $164,000 after acquiring an additional 12,286 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in Chico’s FAS during the 1st quarter worth approximately $184,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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

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