Analysts Set Chico’s FAS, Inc. (CHS) Price Target at $9.77

Chico’s FAS, Inc. (NYSE:CHS) has earned an average recommendation of “Hold” from the sixteen research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.77.

CHS has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $12.00 price objective (up from $11.00) on shares of Chico’s FAS in a research note on Thursday, March 1st. SunTrust Banks set a $14.00 price objective on shares of Chico’s FAS and gave the company a “buy” rating in a research note on Wednesday, February 28th. Royal Bank of Canada reaffirmed a “buy” rating and set a $11.00 price objective on shares of Chico’s FAS in a research note on Thursday, March 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $10.00 price objective on shares of Chico’s FAS in a research note on Thursday, March 1st.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. increased its position in shares of Chico’s FAS by 42.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 24,641 shares of the specialty retailer’s stock valued at $217,000 after buying an additional 7,333 shares during the period. Wells Fargo & Company MN increased its position in shares of Chico’s FAS by 11.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,248,853 shares of the specialty retailer’s stock valued at $19,835,000 after buying an additional 232,501 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Chico’s FAS during the fourth quarter valued at about $1,162,000. SG Americas Securities LLC increased its position in shares of Chico’s FAS by 230.3% during the fourth quarter. SG Americas Securities LLC now owns 76,962 shares of the specialty retailer’s stock valued at $679,000 after buying an additional 53,658 shares during the period. Finally, Capital Fund Management S.A. increased its position in shares of Chico’s FAS by 66.9% during the fourth quarter. Capital Fund Management S.A. now owns 119,220 shares of the specialty retailer’s stock valued at $1,052,000 after buying an additional 47,796 shares during the period. Institutional investors own 95.39% of the company’s stock.

Chico’s FAS traded down $0.05, hitting $8.47, during mid-day trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 3,189,600 shares, compared to its average volume of 3,042,886. The company has a quick ratio of 1.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.17 billion, a PE ratio of 12.47, a P/E/G ratio of 1.37 and a beta of 0.72. Chico’s FAS has a 12 month low of $6.96 and a 12 month high of $10.90.

Chico’s FAS (NYSE:CHS) last posted its quarterly earnings results on Wednesday, May 30th. The specialty retailer reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). The business had revenue of $561.80 million during the quarter, compared to the consensus estimate of $551.99 million. Chico’s FAS had a return on equity of 12.82% and a net margin of 4.26%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. equities analysts expect that Chico’s FAS will post 0.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 18th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Friday, June 15th. Chico’s FAS’s dividend payout ratio is currently 50.00%.

About Chico’s FAS

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 FAS (NYSE:CHS)

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