Chico’s FAS Inc. (NYSE:CHS) had its price target lifted by Deutsche Bank AG from $12.00 to $13.00 in a research report sent to investors on Wednesday. Deutsche Bank AG currently has a hold rating on the stock.
A number of other research firms have also weighed in on CHS. Citigroup Inc. upgraded shares of Chico’s FAS from a neutral rating to a buy rating and upped their price target for the stock from $13.00 to $16.00 in a research report on Monday, November 14th. Zacks Investment Research upgraded shares of Chico’s FAS from a hold rating to a buy rating and set a $14.00 price target for the company in a research report on Monday, October 24th. Jefferies Group reiterated a hold rating and issued a $11.00 price target on shares of Chico’s FAS in a research report on Thursday, September 29th. Stifel Nicolaus reiterated a hold rating on shares of Chico’s FAS in a research report on Wednesday, September 7th. Finally, RBC Capital Markets reiterated an outperform rating and issued a $14.00 price target (up from $13.00) on shares of Chico’s FAS in a research report on Sunday, September 4th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $14.50.
Chico’s FAS (NYSE:CHS) opened at 15.33 on Wednesday. Chico’s FAS has a 12 month low of $9.61 and a 12 month high of $16.07. The company has a 50-day moving average of $12.85 and a 200-day moving average of $11.87. The stock has a market cap of $1.98 billion, a PE ratio of 97.64 and a beta of 0.73.
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 Zacks’ consensus estimate of $0.13 by $0.07. Chico’s FAS had a net margin of 2.24% and a return on equity of 16.24%. The business earned $596.90 million during the quarter, compared to analysts’ expectations of $610.83 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Chico’s FAS will post $0.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 1st. Chico’s FAS’s dividend payout ratio is currently 76.19%.
Several large investors have recently made changes to their positions in CHS. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Chico’s FAS during the second quarter valued at $100,000. LS Investment Advisors LLC increased its position in 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 in the last quarter. Oakbrook Investments LLC increased 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 in the last quarter. Marshall Wace LLP bought a new position in Chico’s FAS during the second quarter valued at approximately $117,000. Finally, Royal Bank of Canada increased 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 in the last quarter. 91.80% of the stock is currently owned by institutional investors and hedge funds.
Chico’s FAS Company Profile