Chico's FAS (NYSE:CHS) has been assigned a $14.00 price target by analysts at SunTrust Banks in a research note issued on Wednesday. The firm presently has a “buy” rating on the specialty retailer’s stock. SunTrust Banks’ price target points to a potential upside of 40.14% from the stock’s current price. SunTrust Banks also issued estimates for Chico's FAS’s Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.18 EPS and Q4 2019 earnings at $0.11 EPS.
CHS has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Chico's FAS from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of Chico's FAS in a report on Thursday, November 16th. B. Riley reiterated a “buy” rating and issued a $14.00 price target on shares of Chico's FAS in a report on Tuesday, January 9th. ValuEngine downgraded shares of Chico's FAS from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Chico's FAS in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.83.
Shares of Chico's FAS (NYSE CHS) traded down $0.05 during mid-day trading on Wednesday, hitting $9.99. 4,184,680 shares of the stock traded hands, compared to its average volume of 2,958,698. The company has a market cap of $1,108.07, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.11 and a beta of 0.83. Chico's FAS has a 12-month low of $6.96 and a 12-month high of $14.60. The company has a quick ratio of 0.88, a current ratio of 1.86 and a debt-to-equity ratio of 0.09.
Several institutional investors have recently bought and sold shares of CHS. Millennium Management LLC increased its holdings in shares of Chico's FAS by 161.2% in the 4th quarter. Millennium Management LLC now owns 3,378,419 shares of the specialty retailer’s stock worth $29,798,000 after buying an additional 2,084,803 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Chico's FAS by 390.6% in the 4th quarter. Schroder Investment Management Group now owns 1,414,800 shares of the specialty retailer’s stock worth $12,479,000 after buying an additional 1,126,400 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Chico's FAS in the 4th quarter worth about $7,704,000. SG Capital Management LLC bought a new stake in shares of Chico's FAS in the 4th quarter worth about $6,437,000. Finally, Two Sigma Investments LP bought a new stake in shares of Chico's FAS in the 4th quarter worth about $5,140,000. Hedge funds and other institutional investors own 99.84% of the company’s stock.
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About Chico's FAS
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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