Brokerages Set Chico’s (CHS) Target Price at $11.10

Shares of Chico’s (NYSE:CHS) have been given an average recommendation of “Hold” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.10.

A number of research firms have issued reports on CHS. Zacks Investment Research downgraded Chico’s from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $12.00 target price (up from $11.00) on shares of Chico’s in a research report on Thursday, March 1st. SunTrust Banks set a $14.00 price target on Chico’s and gave the stock a “buy” rating in a report on Wednesday, February 28th. Jefferies Group reaffirmed a “hold” rating and issued a $10.00 price target on shares of Chico’s in a report on Thursday, March 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $11.00 price target on shares of Chico’s in a report on Thursday, March 1st.

NYSE:CHS traded down $0.03 during trading hours on Wednesday, reaching $10.01. The stock had a trading volume of 2,342,306 shares, compared to its average volume of 2,990,779. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.93 and a quick ratio of 1.05. Chico’s has a 12-month low of $6.96 and a 12-month high of $14.38. The company has a market capitalization of $1,237.15, a P/E ratio of 14.72, a P/E/G ratio of 1.11 and a beta of 0.79.

Chico’s (NYSE:CHS) last released its earnings results on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Chico’s had a return on equity of 13.79% and a net margin of 4.43%. The business had revenue of $587.78 million during the quarter, compared to the consensus estimate of $579.75 million. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. analysts anticipate that Chico’s will post 0.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were issued a $0.085 dividend. This is a positive change from Chico’s’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, March 16th. Chico’s’s dividend payout ratio (DPR) is presently 50.00%.

Large investors have recently bought and sold shares of the stock. Elkfork Partners LLC bought a new stake in Chico’s during the fourth quarter valued at $124,000. Cerebellum GP LLC bought a new stake in Chico’s during the fourth quarter valued at $125,000. CIBC Asset Management Inc boosted its stake in Chico’s by 50.8% during the fourth quarter. CIBC Asset Management Inc now owns 16,616 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 5,600 shares during the period. Martingale Asset Management L P bought a new stake in Chico’s during the fourth quarter valued at $152,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Chico’s during the fourth quarter valued at $167,000. 99.81% of the stock is owned by institutional investors.

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Chico’s Company Profile

Chico's FAS, Inc operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, and complementary accessories. The company's portfolio of brands consists of the Chico's, White House Black Market (WHBM), and Soma. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

Analyst Recommendations for Chico`s (NYSE:CHS)

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