Chico’s FAS, Inc. (CHS) Rating Reiterated by KeyCorp

Chico’s FAS, Inc. (NYSE:CHS)‘s stock had its “hold” rating restated by analysts at KeyCorp in a note issued to investors on Wednesday.

CHS has been the subject of a number of other reports. Deutsche Bank AG restated a “hold” rating and set a $8.00 price objective (down from $11.00) on shares of Chico’s FAS in a report on Thursday, August 31st. Zacks Investment Research upgraded Chico’s FAS from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and set a $8.00 price objective (up from $7.00) on shares of Chico’s FAS in a report on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating on shares of Chico’s FAS in a report on Thursday, August 31st. Finally, BidaskClub upgraded Chico’s FAS from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.08.

Chico’s FAS (CHS) opened at 7.40 on Wednesday. The stock’s 50 day moving average price is $8.30 and its 200 day moving average price is $10.08. Chico’s FAS has a 52-week low of $6.96 and a 52-week high of $16.85. The stock has a market capitalization of $929.75 million, a price-to-earnings ratio of 10.32 and a beta of 0.68.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $578.60 million for the quarter, compared to analyst estimates of $578.58 million. Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, analysts forecast that Chico’s FAS will post $0.65 EPS for the current year.

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A number of large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System boosted its position in Chico’s FAS by 0.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 129,423 shares of the specialty retailer’s stock valued at $1,219,000 after buying an additional 413 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in Chico’s FAS by 0.8% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 58,215 shares of the specialty retailer’s stock valued at $826,000 after buying an additional 461 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Chico’s FAS by 6.6% in the 1st 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 during the last quarter. Comerica Bank boosted its position in Chico’s FAS by 0.5% in the 2nd quarter. Comerica Bank now owns 101,736 shares of the specialty retailer’s stock valued at $874,000 after buying an additional 507 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in Chico’s FAS by 3.7% in the 1st quarter. Advantus Capital Management Inc now owns 16,543 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 583 shares during the last quarter.

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.

Analyst Recommendations for Chico`s FAS (NYSE:CHS)

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