Chico’s FAS Inc. (CHS) Given Average Rating of “Buy” by Analysts
Shares of Chico’s FAS Inc. (NYSE:CHS) have been given an average recommendation of “Buy” by the twenty-one brokerages that are presently covering the stock. Nine investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.50.
Several analysts have weighed in on the company. Zacks Investment Research raised Chico’s FAS from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 24th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Chico’s FAS in a research note on Tuesday, November 22nd. MKM Partners increased their price objective on Chico’s FAS from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, November 23rd. FBR & Co reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Chico’s FAS in a research note on Saturday, September 3rd. Finally, Telsey Advisory Group increased their price objective on Chico’s FAS from $13.00 to $17.00 and gave the company a “market perform” rating in a research note on Wednesday, November 23rd.
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Large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its stake in shares of Chico’s FAS by 5.5% in the third quarter. LS Investment Advisors LLC now owns 8,756 shares of the company’s stock valued at $104,000 after buying an additional 455 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Chico’s FAS during the second quarter valued at approximately $100,000. Nine Chapters Capital Management LLC bought a new stake in shares of Chico’s FAS during the third quarter valued at approximately $125,000. 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 last quarter. Finally, World Asset Management Inc bought a new stake in shares of Chico’s FAS during the third quarter valued at approximately $128,000. Institutional investors and hedge funds own 91.80% of the company’s stock.
Chico’s FAS (NYSE:CHS) traded down 0.20% on Wednesday, hitting $15.22. The stock had a trading volume of 1,402,482 shares. The stock’s 50 day moving average is $12.85 and its 200 day moving average is $11.87. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 36.76 and a beta of 0.73. Chico’s FAS has a one year low of $9.61 and a one year high of $16.07.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.07. The company had revenue of $596.90 million for the quarter, compared to analyst estimates of $610.83 million. Chico’s FAS had a return on equity of 16.24% and a net margin of 2.24%. Chico’s FAS’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Analysts anticipate that Chico’s FAS will post $0.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 2.10%. Chico’s FAS’s payout ratio is currently 76.19%.
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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