Todays Report: The Chico’s FAS’s (CHS) Neutral Rating Reaffirmed at MKM Partners

The Chico’s FAS’s (CHS) Neutral Rating Reaffirmed at MKM Partners

MKM Partners reiterated their neutral rating on shares of Chico’s FAS Inc. (NYSE:CHS) in a report issued on Wednesday. They currently have a $12.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. Nomura restated a buy rating and issued a $12.00 target price on shares of Chico’s FAS in a report on Wednesday, July 6th. KeyCorp restated a buy rating and issued a $15.00 target price on shares of Chico’s FAS in a report on Thursday, June 23rd. Mizuho raised their target price on shares of Chico’s FAS from $13.00 to $15.00 and gave the stock a buy rating in a report on Wednesday, August 31st. FBR & Co set a $17.00 price target on shares of Chico’s FAS and gave the stock a buy rating in a research note on Thursday, September 29th. Finally, Stifel Nicolaus reaffirmed a hold rating on shares of Chico’s FAS in a research note on Tuesday, August 30th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $13.26.

Shares of Chico’s FAS (NYSE:CHS) traded down 1.13% during trading on Wednesday, hitting $12.26. 431,649 shares of the company traded hands. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 78.09 and a beta of 0.74. Chico’s FAS has a 52 week low of $9.61 and a 52 week high of $14.88. The company has a 50 day moving average price of $12.20 and a 200 day moving average price of $11.82.

Chico’s FAS (NYSE:CHS) last released its earnings results on Tuesday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm earned $635.70 million during the quarter, compared to analyst estimates of $632.49 million. Chico’s FAS had a net margin of 0.84% and a return on equity of 14.41%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. On average, analysts expect that Chico’s FAS will post $0.68 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of CHS. Fuller & Thaler Asset Management Inc. purchased a new position in Chico’s FAS during the second quarter valued at $100,000. Oakbrook Investments LLC raised its position in 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 period. Marshall Wace LLP purchased a new position in Chico’s FAS during the second quarter valued at $117,000. Royal Bank of Canada raised its position in Chico’s FAS by 2,217.2% in the second quarter. Royal Bank of Canada now owns 11,331 shares of the company’s stock valued at $121,000 after buying an additional 10,842 shares during the period. Finally, Princeton Alpha Management LP purchased a new position in Chico’s FAS during the second quarter valued at $142,000. 92.63% of the stock is owned by hedge funds and other institutional investors.

Chico’s FAS Company Profile

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