Chico’s FAS, Inc. (NYSE:CHS) has earned an average recommendation of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.08.
A number of analysts have weighed in on CHS shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 target price on shares of Chico’s FAS in a research note on Monday, April 3rd. Zacks Investment Research lowered Chico’s FAS from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Jefferies Group LLC set a $14.00 target price on Chico’s FAS and gave the stock a “hold” rating in a research note on Tuesday, March 28th. BidaskClub upgraded Chico’s FAS from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG reduced their target price on Chico’s FAS from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, May 25th.
In other Chico’s FAS news, Director Ross E. Roeder sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $9.75, for a total value of $97,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ross E. Roeder sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.50, for a total value of $47,500.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Chico’s FAS by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 473 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Chico’s FAS by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 8,670 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 4,080 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Accredited Investors Inc. acquired a new stake in shares of Chico’s FAS during the first quarter valued at $142,000. Finally, Ronald Blue & Co. LLC acquired a new stake in shares of Chico’s FAS during the first quarter valued at $147,000.
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Chico’s FAS (NYSE CHS) traded up 2.64% during mid-day trading on Monday, reaching $8.93. 3,218,918 shares of the company traded hands. Chico’s FAS has a 12-month low of $8.44 and a 12-month high of $16.85. The company’s 50 day moving average price is $9.10 and its 200 day moving average price is $12.35. The firm has a market capitalization of $1.13 billion, a P/E ratio of 12.45 and a beta of 0.67.
Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.03. Chico’s FAS had a return on equity of 17.36% and a net margin of 3.86%. The business had revenue of $583.70 million during the quarter, compared to analysts’ expectations of $624.75 million. During the same quarter in the previous year, the business earned $0.25 EPS. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities research analysts predict that Chico’s FAS will post $0.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be issued a $0.0825 dividend. This represents a $0.33 annualized dividend and a yield of 3.70%. The ex-dividend date is Friday, September 8th. Chico’s FAS’s dividend payout ratio is presently 46.48%.
About Chico’s FAS
Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.