Chico’s FAS Inc. (CHS) Given a $15.00 Price Target at Mizuho
A number of other equities analysts also recently issued reports on CHS. RBC Capital Markets reiterated an outperform rating and issued a $14.00 price objective (up previously from $13.00) on shares of Chico’s FAS in a report on Sunday, September 4th. Jefferies Group reissued a hold rating on shares of Chico’s FAS in a research note on Monday, August 1st. FBR & Co reissued an outperform rating and issued a $17.00 target price on shares of Chico’s FAS in a research note on Saturday, September 3rd. Stifel Nicolaus reissued a hold rating on shares of Chico’s FAS in a research note on Wednesday, September 7th. Finally, Piper Jaffray Cos. increased their target price on Chico’s FAS from $13.00 to $14.00 and gave the stock an overweight rating in a research note on Wednesday, August 31st. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $13.26.
Shares of Chico’s FAS (NYSE:CHS) opened at 11.89 on Thursday. The company has a market capitalization of $1.54 billion, a PE ratio of 75.73 and a beta of 0.74. The company has a 50-day moving average price of $12.09 and a 200-day moving average price of $11.82. Chico’s FAS has a 52 week low of $9.61 and a 52 week high of $15.39.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business earned $635.70 million during the quarter, compared to the consensus estimate of $632.49 million. Chico’s FAS had a return on equity of 14.41% and a net margin of 0.84%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. Analysts predict that Chico’s FAS will post $0.68 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of CHS. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Chico’s FAS during the second quarter valued at about $100,000. Oakbrook Investments LLC increased its stake in shares of Chico’s FAS by 0.9% in the second quarter. Oakbrook Investments LLC now owns 10,700 shares of the company’s stock valued at $115,000 after buying an additional 100 shares during the period. Marshall Wace LLP acquired a new stake in shares of Chico’s FAS during the second quarter valued at about $117,000. Royal Bank of Canada increased its stake in shares of Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock valued at $121,000 after buying an additional 10,842 shares during the period. Finally, Princeton Alpha Management LP acquired a new stake in shares of Chico’s FAS during the second quarter valued at about $142,000. 92.63% of the stock is currently owned by institutional investors.
Chico’s FAS Company Profile
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.
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