Chico’s FAS (CHS) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of Chico’s FAS (NYSE:CHS) from a c+ rating to a b- rating in a research report sent to investors on Monday.

A number of other research firms have also recently issued reports on CHS. Zacks Investment Research cut shares of Chico’s FAS from a buy rating to a hold rating in a research report on Monday, January 22nd. Morgan Stanley restated an equal weight rating and issued a $12.00 price objective (up previously from $11.00) on shares of Chico’s FAS in a research report on Thursday, March 1st. SunTrust Banks set a $14.00 price objective on shares of Chico’s FAS and gave the company a buy rating in a research report on Wednesday, February 28th. Jefferies Group restated a hold rating and issued a $10.00 price objective on shares of Chico’s FAS in a research report on Thursday, March 1st. Finally, Royal Bank of Canada restated a buy rating and issued a $11.00 price objective on shares of Chico’s FAS in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $10.92.

Shares of Chico’s FAS opened at $9.97 on Monday, MarketBeat reports. The firm has a market capitalization of $1.32 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.16 and a beta of 0.76. Chico’s FAS has a 52 week low of $6.96 and a 52 week high of $11.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.05 and a current ratio of 1.93.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Chico’s FAS had a net margin of 4.43% and a return on equity of 13.79%. The firm had revenue of $587.78 million for the quarter, compared to analysts’ expectations of $579.75 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. equities analysts forecast that Chico’s FAS will post 0.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 18th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, June 15th. Chico’s FAS’s dividend payout ratio is currently 50.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in CHS. Schwab Charles Investment Management Inc. increased its position in shares of Chico’s FAS by 6.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 828,612 shares of the specialty retailer’s stock valued at $7,309,000 after buying an additional 50,669 shares during the period. Fox Run Management L.L.C. increased its position in shares of Chico’s FAS by 210.4% during the fourth quarter. Fox Run Management L.L.C. now owns 54,325 shares of the specialty retailer’s stock valued at $479,000 after buying an additional 36,825 shares during the period. Smith Graham & Co. Investment Advisors LP increased its position in shares of Chico’s FAS by 41.6% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 740,000 shares of the specialty retailer’s stock valued at $6,527,000 after buying an additional 217,486 shares during the period. Cerebellum GP LLC purchased a new position in shares of Chico’s FAS during the fourth quarter valued at about $125,000. Finally, SG Americas Securities LLC increased its position in shares of Chico’s FAS by 230.3% during the fourth quarter. SG Americas Securities LLC now owns 76,962 shares of the specialty retailer’s stock valued at $679,000 after buying an additional 53,658 shares during the period. Institutional investors own 95.47% 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.

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

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