Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a hold rating on shares of Chico’s FAS in a research note on Wednesday, September 7th. RBC Capital Markets reiterated an outperform rating and issued a $14.00 target price (up previously from $13.00) on shares of Chico’s FAS in a research note on Sunday, September 4th. Zacks Investment Research upgraded shares of Chico’s FAS from a sell rating to a hold rating in a research note on Monday, August 22nd. Deutsche Bank AG reiterated a hold rating on shares of Chico’s FAS in a research note on Thursday, August 25th. Finally, Piper Jaffray Cos. increased their target price on shares of Chico’s FAS from $13.00 to $14.00 and gave the company an overweight rating in a research note on Wednesday, August 31st. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $13.26.
Chico’s FAS (NYSE:CHS) traded down 0.67% on Thursday, hitting $11.87. The company had a trading volume of 197,302 shares. Chico’s FAS has a 12-month low of $9.61 and a 12-month high of $15.63. The firm’s 50 day moving average price is $12.07 and its 200 day moving average price is $11.84. The stock has a market cap of $1.53 billion, a P/E ratio of 75.61 and a beta of 0.88.
Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The company earned $635.70 million during the quarter, compared to analysts’ expectations of $632.49 million. During the same period in the prior year, the company earned $0.26 earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts predict that Chico’s FAS will post $0.68 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Chico’s FAS during the second quarter worth about $100,000. Oakbrook Investments LLC boosted its position in shares of Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Chico’s FAS during the second quarter worth about $117,000. Royal Bank of Canada boosted its position in shares of 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 worth $121,000 after buying an additional 10,842 shares during the last quarter. Finally, Princeton Alpha Management LP acquired a new position in shares of Chico’s FAS during the second quarter worth about $142,000. 92.63% of the stock is owned by institutional investors and hedge funds.
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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