Zacks Investment Research upgraded shares of Chico’s FAS Inc. (NYSE:CHS) from a hold rating to a buy rating in a research report sent to investors on Thursday. The brokerage currently has $17.00 target price on the stock.
According to Zacks, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets. “
Several other analysts also recently weighed in on the stock. Deutsche Bank AG reiterated a hold rating on shares of Chico’s FAS in a report on Thursday, August 25th. Jefferies Group reiterated a hold rating and issued a $11.00 target price on shares of Chico’s FAS in a report on Thursday, September 29th. Stifel Nicolaus restated a hold rating on shares of Chico’s FAS in a research note on Tuesday, August 30th. Mizuho boosted their price target on shares of Chico’s FAS from $13.00 to $15.00 and gave the stock a buy rating in a research note on Wednesday, August 31st. Finally, Wolfe Research upgraded shares of Chico’s FAS from a peer perform rating to an outperform rating and set a $16.00 price target for the company in a research note on Monday, November 14th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Chico’s FAS has a consensus rating of Buy and a consensus target price of $14.50.
Chico’s FAS (NYSE:CHS) opened at 15.33 on Thursday. 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 price of $12.85 and a 200 day moving average price of $11.87. The firm has a market capitalization of $1.98 billion, a P/E ratio of 97.64 and a beta of 0.73.
Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 22nd. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm earned $596.90 million during the quarter, compared to the consensus estimate of $610.83 million. During the same quarter last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter 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 business 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 $0.08 dividend. The ex-dividend date is Thursday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 2.08%. Chico’s FAS’s dividend payout ratio (DPR) is presently 76.19%.
Large investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. boosted its stake in shares of 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 during the period. BNP Paribas Arbitrage SA raised its position in Chico’s FAS by 1,668.2% in the second quarter. BNP Paribas Arbitrage SA now owns 158,497 shares of the company’s stock worth $1,698,000 after buying an additional 149,533 shares in the last quarter. Brave Asset Management Inc raised its position in Chico’s FAS by 17.2% in the second quarter. Brave Asset Management Inc now owns 13,650 shares of the company’s stock worth $146,000 after buying an additional 2,000 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Chico’s FAS during the second quarter worth approximately $199,000. Finally, Twin Capital Management Inc. acquired a new position in Chico’s FAS during the second quarter worth approximately $1,204,000. 91.80% of the stock is owned by hedge funds and other institutional investors.
Chico’s FAS Company Profile
Chico’s FAS, Inc is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products.