Chico’s FAS Inc. (NYSE:CHS) has been assigned a $13.00 price objective by equities research analysts at Jefferies Group in a research note issued on Thursday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price target points to a potential downside of 16.29% from the company’s previous close.
Several other research analysts have also issued reports on the company. Citigroup Inc. upgraded Chico’s FAS from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $16.00 in a report on Monday, November 14th. 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. Stifel Nicolaus reiterated a “hold” rating on shares of Chico’s FAS in a report on Wednesday, September 7th. RBC Capital Markets reiterated an “outperform” rating and issued a $14.00 price target (up previously from $13.00) on shares of Chico’s FAS in a report on Sunday, September 4th. Finally, MKM Partners reiterated a “neutral” rating and issued a $12.00 price target on shares of Chico’s FAS in a report on Wednesday, October 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Chico’s FAS has an average rating of “Buy” and an average target price of $14.47.
Shares of Chico’s FAS (NYSE:CHS) traded down 0.32% on Thursday, hitting $15.53. The stock had a trading volume of 1,070,917 shares. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 98.92 and a beta of 0.73. Chico’s FAS has a 52 week low of $9.61 and a 52 week high of $16.07. The company has a 50-day moving average of $12.76 and a 200 day moving average of $11.85.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Tuesday, November 22nd. The company reported $0.20 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $610.83 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s revenue for the quarter 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 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s payout ratio is 76.19%.
Several hedge funds have recently modified their holdings of CHS. Frontier Capital Management Co. LLC increased its stake 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 worth $24,173,000 after buying an additional 66,825 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Chico’s FAS during the second quarter worth about $464,000. Bank of New York Mellon Corp increased its stake 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 worth $33,874,000 after buying an additional 140,513 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake 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 worth $30,101,000 after buying an additional 487,852 shares in the last quarter. Finally, American Century Companies Inc. increased its stake 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 worth $543,000 after buying an additional 22,438 shares in the last quarter. 90.90% of the stock is owned by institutional investors.
About Chico’s FAS