Chico’s FAS (CHS) Upgraded to “Buy” at Zacks Investment Research

Chico’s FAS (NYSE:CHS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $11.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.00% from the company’s previous close.

According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate 1,518 boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “

Several other brokerages also recently commented on CHS. KeyCorp reaffirmed a “hold” rating on shares of Chico’s FAS in a research report on Wednesday, October 11th. SunTrust Banks set a $12.00 target price on Chico’s FAS and gave the stock a “buy” rating in a report on Monday, October 16th. Telsey Advisory Group reiterated a “market perform” rating on shares of Chico’s FAS in a report on Tuesday, January 9th. Citigroup cut Chico’s FAS from a “buy” rating to a “neutral” rating in a report on Monday, October 16th. Finally, ValuEngine cut Chico’s FAS from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.92.

Shares of Chico’s FAS (NYSE CHS) opened at $10.00 on Friday. The company has a market cap of $1,225.65, a P/E ratio of 14.93, a PEG ratio of 1.47 and a beta of 0.73. Chico’s FAS has a 52-week low of $6.96 and a 52-week high of $15.50. The company has a current ratio of 1.86, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $532.30 million during the quarter, compared to the consensus estimate of $534.77 million. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The company’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. research analysts expect that Chico’s FAS will post 0.65 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of CHS. Schwab Charles Investment Management Inc. lifted its holdings in shares of Chico’s FAS by 2.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 728,654 shares of the specialty retailer’s stock worth $6,864,000 after purchasing an additional 14,240 shares in the last quarter. Legal & General Group Plc lifted its stake in Chico’s FAS by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 184,707 shares of the specialty retailer’s stock valued at $1,739,000 after acquiring an additional 14,072 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Chico’s FAS by 16.2% during the 2nd quarter. Principal Financial Group Inc. now owns 631,519 shares of the specialty retailer’s stock valued at $5,949,000 after acquiring an additional 88,105 shares in the last quarter. Swiss National Bank lifted its stake in Chico’s FAS by 6.4% during the 2nd quarter. Swiss National Bank now owns 215,200 shares of the specialty retailer’s stock valued at $2,027,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Chico’s FAS by 43.5% during 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 acquiring an additional 603,356 shares in the last quarter.

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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.

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

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