Chico’s FAS (NYSE:CHS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “

Separately, ValuEngine upgraded Chico’s FAS from a “hold” rating to a “buy” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.67.

NYSE:CHS opened at $7.15 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 2.01. Chico’s FAS has a 1 year low of $6.66 and a 1 year high of $10.90. The company has a market capitalization of $888.68 million, a price-to-earnings ratio of 10.51, a PEG ratio of 1.15 and a beta of 0.78.

Chico’s FAS (NYSE:CHS) last announced its earnings results on Wednesday, August 29th. The specialty retailer reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $544.72 million during the quarter, compared to analysts’ expectations of $541.02 million. Chico’s FAS had a return on equity of 11.79% and a net margin of 4.06%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. On average, equities analysts expect that Chico’s FAS will post 0.62 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC boosted its holdings in Chico’s FAS by 54.6% during the 2nd quarter. Jennison Associates LLC now owns 159,940 shares of the specialty retailer’s stock valued at $1,302,000 after acquiring an additional 56,501 shares during the period. Northern Trust Corp lifted its holdings in shares of Chico’s FAS by 9.0% in the 2nd quarter. Northern Trust Corp now owns 1,808,109 shares of the specialty retailer’s stock worth $14,719,000 after buying an additional 149,136 shares during the period. Strs Ohio purchased a new stake in shares of Chico’s FAS in the 2nd quarter worth $943,000. Dimensional Fund Advisors LP lifted its holdings in shares of Chico’s FAS by 12.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,881,891 shares of the specialty retailer’s stock worth $88,580,000 after buying an additional 1,218,303 shares during the period. Finally, Capital Fund Management S.A. lifted its holdings in shares of Chico’s FAS by 217.2% in the 3rd quarter. Capital Fund Management S.A. now owns 558,478 shares of the specialty retailer’s stock worth $4,842,000 after buying an additional 382,392 shares during the period. Institutional investors own 97.92% of the company’s stock.

Chico’s FAS 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.

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