Chico’s FAS Inc. (NYSE:CHS) has been given a $15.00 price target by Mizuho in a report issued on Thursday. The brokerage currently has a a “buy” rating on the stock. Mizuho’s price target indicates a potential upside of 24.69% from the stock’s previous close.
CHS has been the subject of a number of other reports. KeyCorp reissued a “buy” rating and issued a $15.00 price objective on shares of Chico’s FAS in a research note on Thursday, June 23rd. Zacks Investment Research raised shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Monday, August 22nd. Jefferies Group reissued a “hold” rating on shares of Chico’s FAS in a research note on Monday, August 1st. Nomura reissued a “buy” rating and issued a $12.00 price objective on shares of Chico’s FAS in a research note on Wednesday, July 6th. Finally, Piper Jaffray Cos. upped their target price on shares of Chico’s FAS from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 31st. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Chico’s FAS has an average rating of “Hold” and an average target price of $13.26.
Shares of Chico’s FAS (NYSE:CHS) traded down 0.25% during trading on Thursday, reaching $12.00. 2,403,495 shares of the company were exchanged. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 76.43 and a beta of 0.88. The stock’s 50 day moving average is $12.05 and its 200 day moving average is $11.84. Chico’s FAS has a 1-year low of $9.61 and a 1-year high of $15.77.
Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Tuesday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The firm earned $635.70 million during the quarter, compared to analysts’ expectations of $632.49 million. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 earnings per share. Equities analysts anticipate that Chico’s FAS will post $0.68 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. bought a new position in Chico’s FAS during the second quarter valued at approximately $925,000. Mason Street Advisors LLC bought a new position in Chico’s FAS during the second quarter valued at approximately $648,000. Royal Bank of Canada increased its position in Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock valued at $121,000 after buying an additional 10,842 shares in the last quarter. Sterling Capital Management LLC increased its position in Chico’s FAS by 1.2% in the second quarter. Sterling Capital Management LLC now owns 3,223,582 shares of the company’s stock valued at $34,525,000 after buying an additional 37,188 shares in the last quarter. Finally, Amalgamated Bank increased its position in Chico’s FAS by 0.8% in the second quarter. Amalgamated Bank now owns 15,830 shares of the company’s stock valued at $184,000 after buying an additional 119 shares in the last quarter. 92.63% of the stock is currently owned by institutional investors.
Chico’s FAS Company Profile
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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