Today, Chico’s FAS Inc. (CHS) PT Raised to $17.00 at Telsey Advisory Group

Today, Chico’s FAS Inc. (CHS) PT Raised to $17.00 at Telsey Advisory Group
Chico’s FAS Inc. (NYSE:CHS) had its price objective increased by analysts at Telsey Advisory Group from $13.00 to $17.00 in a report issued on Wednesday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 9.11% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Mizuho boosted their price target on Chico’s FAS from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. FBR & Co set a $17.00 price target on Chico’s FAS and gave the company a “buy” rating in a report on Thursday, September 29th. Zacks Investment Research upgraded Chico’s FAS from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Monday, October 24th. Citigroup Inc. upgraded Chico’s FAS from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $16.00 in a report on Monday, November 14th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Chico’s FAS in a report on Tuesday, August 30th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $14.37.

Shares of Chico’s FAS (NYSE:CHS) opened at 15.58 on Wednesday. The company’s 50-day moving average price is $12.66 and its 200-day moving average price is $11.82. Chico’s FAS has a one year low of $9.61 and a one year high of $16.07. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 99.24 and a beta of 0.73.

Chico’s FAS (NYSE:CHS) last announced its quarterly 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 return on equity of 16.23% and a net margin of 2.24%. The company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $610.83 million. During the same quarter in the previous year, the business earned $0.13 EPS. Chico’s FAS’s revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts predict that Chico’s FAS will post $0.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Stockholders 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 2.05%. Chico’s FAS’s payout ratio is 76.19%.

Several institutional investors have recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC boosted its position in Chico’s FAS by 3.1% in the second quarter. Frontier Capital Management Co. LLC now owns 2,257,055 shares of the company’s stock valued at $24,173,000 after buying an additional 66,825 shares during the last quarter. Quantbot Technologies LP purchased a new position in Chico’s FAS during the second quarter valued at $464,000. Bank of New York Mellon Corp boosted its position in Chico’s FAS by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 3,162,839 shares of the company’s stock valued at $33,874,000 after buying an additional 140,513 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in Chico’s FAS by 21.0% in the second quarter. Deprince Race & Zollo Inc. now owns 2,810,591 shares of the company’s stock valued at $30,101,000 after buying an additional 487,852 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Chico’s FAS by 79.3% in the second quarter. American Century Companies Inc. now owns 50,725 shares of the company’s stock valued at $543,000 after buying an additional 22,438 shares during the last quarter. 90.90% of the stock is currently owned by hedge funds and other institutional investors.

Chico’s FAS Company Profile

Related posts

Leave a Comment