Chico’s FAS, Inc. (NYSE:CHS) Receives Average Recommendation of “Hold” from Analysts

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Chico’s FAS, Inc. (NYSE:CHS) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.44.

A number of equities analysts have commented on CHS shares. TheStreet lowered shares of Chico’s FAS from a “c” rating to a “d+” rating in a report on Wednesday, August 28th. Zacks Investment Research upgraded shares of Chico’s FAS from a “strong sell” rating to a “hold” rating in a report on Monday. ValuEngine upgraded shares of Chico’s FAS from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Telsey Advisory Group cut their price objective on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, August 29th. Finally, Morgan Stanley cut their price objective on shares of Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th.

CHS stock traded down $0.14 during trading on Thursday, reaching $3.95. The stock had a trading volume of 1,990,912 shares, compared to its average volume of 2,997,213. Chico’s FAS has a 1-year low of $2.33 and a 1-year high of $7.39. The company has a current ratio of 1.08, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $489.17 million, a P/E ratio of 12.74 and a beta of 0.26. The firm has a fifty day moving average price of $3.62 and a 200 day moving average price of $3.47.

Several institutional investors have recently modified their holdings of CHS. First Trust Advisors LP raised its stake in shares of Chico’s FAS by 21.8% in the 1st quarter. First Trust Advisors LP now owns 408,044 shares of the specialty retailer’s stock valued at $1,742,000 after purchasing an additional 73,069 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Chico’s FAS in the 2nd quarter valued at about $135,000. 6 Meridian raised its stake in shares of Chico’s FAS by 6.4% in the 2nd quarter. 6 Meridian now owns 121,998 shares of the specialty retailer’s stock valued at $411,000 after purchasing an additional 7,346 shares in the last quarter. Legacy Capital Partners Inc. acquired a new stake in shares of Chico’s FAS in the 2nd quarter valued at about $34,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Chico’s FAS by 0.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,595,320 shares of the specialty retailer’s stock valued at $8,747,000 after purchasing an additional 17,574 shares in the last quarter. Institutional investors and hedge funds own 94.65% of the company’s stock.

Chico’s FAS Company Profile

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

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

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