Chico’s FAS, Inc. (CHS) Given a $10.00 Price Target by SunTrust Banks, Inc. Analysts

Chico’s FAS, Inc. (NYSE:CHS) has been assigned a $10.00 price objective by stock analysts at SunTrust Banks, Inc. in a research note issued on Friday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 25.31% from the stock’s previous close. SunTrust Banks also issued estimates for Chico’s FAS’s Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.59 EPS and FY2019 earnings at $0.63 EPS.

CHS has been the subject of several other reports. FBR & Co restated a “buy” rating and issued a $14.00 price target (down from $16.00) on shares of Chico’s FAS in a research note on Thursday, August 31st. Zacks Investment Research upgraded Chico’s FAS from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group LLC reiterated a “hold” rating and set a $8.00 target price (up from $7.00) on shares of Chico’s FAS in a research report on Thursday, September 28th. B. Riley reiterated a “buy” rating on shares of Chico’s FAS in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Chico’s FAS in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Chico’s FAS has a consensus rating of “Hold” and an average price target of $11.00.

Chico’s FAS (CHS) traded up $0.09 on Friday, reaching $7.98. The company had a trading volume of 4,029,979 shares, compared to its average volume of 2,639,111. The company has a market cap of $1,023.95, a P/E ratio of 10.78, a PEG ratio of 1.12 and a beta of 0.69. Chico’s FAS has a twelve month low of $6.96 and a twelve month high of $16.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.78 and a quick ratio of 0.89.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The firm had revenue of $578.60 million during the quarter, compared to the consensus estimate of $578.58 million. Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. sell-side analysts predict that Chico’s FAS will post 0.63 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in shares of Chico’s FAS by 0.6% during the 3rd quarter. Sterling Capital Management LLC now owns 2,495,749 shares of the specialty retailer’s stock worth $22,337,000 after buying an additional 14,790 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Chico’s FAS during the 3rd quarter worth $250,000. California Public Employees Retirement System raised its holdings in shares of Chico’s FAS by 11.2% during the 3rd quarter. California Public Employees Retirement System now owns 550,128 shares of the specialty retailer’s stock worth $4,924,000 after buying an additional 55,228 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Chico’s FAS by 124.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,510 shares of the specialty retailer’s stock worth $201,000 after buying an additional 12,462 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Chico’s FAS during the 3rd quarter worth $296,000.

Chico’s FAS Company Profile

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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