Zacks Investment Research Upgrades Chico’s FAS, Inc. (CHS) to Buy
According to Zacks, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets. “
Other research analysts have also issued reports about the stock. Citigroup Inc. upgraded shares of Chico’s FAS from a neutral rating to a buy rating and raised their target price for the company from $13.00 to $16.00 in a research note on Monday, November 14th. Mizuho set a $15.00 target price on shares of Chico’s FAS and gave the company a buy rating in a research note on Thursday, September 29th. FBR & Co set a $17.00 target price on shares of Chico’s FAS and gave the company a buy rating in a research note on Thursday, September 29th. TheStreet upgraded shares of Chico’s FAS from a hold rating to a buy rating in a research note on Friday, December 2nd. Finally, Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Chico’s FAS in a research note on Wednesday, September 28th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Chico’s FAS has a consensus rating of Buy and an average target price of $14.44.
Chico’s FAS (NYSE:CHS) traded up 1.05% during midday trading on Monday, reaching $13.52. 386,074 shares of the company traded hands. Chico’s FAS has a 12 month low of $9.61 and a 12 month high of $16.85. The firm’s 50 day moving average price is $15.21 and its 200 day moving average price is $12.80. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 32.66 and a beta of 0.82.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.24%. The business had revenue of $596.90 million for the quarter, compared to analyst estimates of $610.83 million. During the same period last year, the business posted $0.13 EPS. Chico’s FAS’s revenue was down 6.9% compared to the same quarter last year. On average, analysts expect that Chico’s FAS will post $0.75 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Shareholders of record on Monday, December 5th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, December 1st. Chico’s FAS’s payout ratio is presently 76.19%.
Large investors have recently bought and sold shares of the stock. Credit Suisse AG boosted its stake in Chico’s FAS by 30.9% in the third quarter. Credit Suisse AG now owns 416,161 shares of the company’s stock valued at $4,952,000 after buying an additional 98,280 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Chico’s FAS by 69.1% in the third quarter. Ameritas Investment Partners Inc. now owns 51,732 shares of the company’s stock valued at $616,000 after buying an additional 21,141 shares during the last quarter. Verition Fund Management LLC bought a new stake in Chico’s FAS during the third quarter valued at $226,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Chico’s FAS during the third quarter valued at $243,000. Finally, Boston Private Wealth LLC boosted its stake in Chico’s FAS by 20.3% in the third quarter. Boston Private Wealth LLC now owns 20,854 shares of the company’s stock valued at $248,000 after buying an additional 3,515 shares during the last quarter. Hedge funds and other institutional investors own 93.66% of the company’s stock.
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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