Other research analysts have also recently issued reports about the company. Jefferies Group reissued a hold rating on shares of Chico’s FAS in a report on Monday, August 1st. Zacks Investment Research cut Chico’s FAS from a hold rating to a sell rating in a report on Wednesday, July 27th. FBR & Co reissued an outperform rating and set a $17.00 price objective on shares of Chico’s FAS in a report on Saturday, September 3rd. KeyCorp reissued a buy rating and set a $15.00 price objective on shares of Chico’s FAS in a report on Thursday, June 23rd. Finally, Oppenheimer Holdings Inc. restated a hold rating on shares of Chico’s FAS in a research note on Wednesday, September 28th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $13.26.
Shares of Chico’s FAS (NYSE:CHS) opened at 12.20 on Wednesday. The firm has a 50-day moving average of $12.22 and a 200-day moving average of $11.82. The firm has a market capitalization of $1.58 billion, a P/E ratio of 77.71 and a beta of 0.74. Chico’s FAS has a one year low of $9.61 and a one year high of $14.88.
Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data 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. The company earned $635.70 million during the quarter, compared to analysts’ expectations of $632.49 million. Chico’s FAS had a return on equity of 14.41% and a net margin of 0.84%. The business’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. On average, equities analysts predict that Chico’s FAS will post $0.68 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in Chico’s FAS during the second quarter valued at $100,000. Oakbrook Investments LLC boosted its position in Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock valued at $115,000 after buying an additional 100 shares during the period. Marshall Wace LLP acquired a new position in Chico’s FAS during the second quarter valued at $117,000. Royal Bank of Canada boosted 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 during the period. Finally, Princeton Alpha Management LP acquired a new position in Chico’s FAS during the second quarter valued at $142,000. Institutional investors and hedge funds own 92.50% of the company’s stock.
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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