Chico’s FAS (NYSE:CHS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $6.50 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 8.88% from the stock’s previous close.
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. “
A number of other equities analysts have also recently issued reports on the company. ValuEngine cut Chico’s FAS from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Nomura set a $6.00 price objective on Chico’s FAS and gave the stock a “hold” rating in a report on Tuesday, December 11th. B. Riley set a $7.00 price objective on Chico’s FAS and gave the stock a “buy” rating in a report on Wednesday, December 5th. Morgan Stanley cut their price objective on Chico’s FAS from $7.50 to $5.00 and set an “equal weight” rating for the company in a report on Friday, November 30th. Finally, Citigroup cut their price objective on Chico’s FAS from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, November 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.50.
CHS opened at $5.97 on Monday. Chico’s FAS has a 12-month low of $4.42 and a 12-month high of $10.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.01 and a quick ratio of 1.05. The stock has a market capitalization of $739.32 million, a PE ratio of 8.78, a PEG ratio of 1.52 and a beta of 0.40.
Chico’s FAS (NYSE:CHS) last posted its quarterly earnings data on Wednesday, November 28th. The specialty retailer reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Chico’s FAS had a return on equity of 10.14% and a net margin of 3.66%. The firm had revenue of $499.90 million during the quarter, compared to analysts’ expectations of $515.63 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. Chico’s FAS’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Chico’s FAS will post 0.33 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in shares of Chico’s FAS in the 4th quarter valued at about $28,000. Eads & Heald Wealth Management bought a new position in Chico’s FAS during the 4th quarter valued at approximately $62,000. Acadian Asset Management LLC raised its position in Chico’s FAS by 145.3% during the 3rd quarter. Acadian Asset Management LLC now owns 14,191 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 8,405 shares during the last quarter. Virtu Financial LLC bought a new position in Chico’s FAS during the 4th quarter valued at approximately $82,000. Finally, CWM Advisors LLC raised its position in Chico’s FAS by 31.5% during the 4th quarter. CWM Advisors LLC now owns 16,661 shares of the specialty retailer’s stock valued at $94,000 after purchasing an additional 3,987 shares during the last quarter. 97.23% of the stock is owned by institutional investors.
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.
See Also: What does EPS mean?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.