Chico’s FAS, Inc. (CHS) PT Lowered to $12.00 at Bank of America Corporation

Chico’s FAS, Inc. (NYSE:CHS) had its target price cut by investment analysts at Bank of America Corporation from $16.50 to $12.00 in a report issued on Thursday, May 25th. The firm presently has a “neutral” rating on the specialty retailer’s stock. Bank of America Corporation’s price objective suggests a potential upside of 29.73% from the company’s previous close.

CHS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Chico’s FAS from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Royal Bank Of Canada restated a “buy” rating and set a $16.00 price target on shares of Chico’s FAS in a research report on Monday, April 3rd. Mizuho lifted their price objective on shares of Chico’s FAS from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Chico’s FAS in a research note on Wednesday, February 22nd. Finally, TheStreet raised shares of Chico’s FAS to a “buy” rating in a research note on Tuesday, March 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Chico’s FAS has a consensus rating of “Hold” and an average price target of $13.79.

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

Shares of Chico’s FAS (NYSE CHS) opened at 9.25 on Thursday. Chico’s FAS has a 12-month low of $8.91 and a 12-month high of $16.85. The firm has a market capitalization of $1.17 billion, a PE ratio of 12.90 and a beta of 0.67. The company has a 50-day moving average price of $11.22 and a 200 day moving average price of $13.45.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 EPS 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 company had revenue of $583.70 million for the quarter, compared to the consensus estimate of $624.75 million. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities analysts expect that Chico’s FAS will post $0.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, June 12th will be given a $0.0825 dividend. This represents a $0.33 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, June 8th. Chico’s FAS’s dividend payout ratio (DPR) is currently 46.48%.

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In related news, Director Ross E. Roeder sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total transaction of $47,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Colaco Donna Noce sold 51,235 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $14.30, for a total transaction of $732,660.50. Following the transaction, the insider now directly owns 153,260 shares in the company, valued at $2,191,618. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,235 shares of company stock worth $877,661. 3.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position 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 worth $109,000 after buying an additional 473 shares during the last quarter. Flinton Capital Management LLC bought a new position in shares of Chico’s FAS during the fourth quarter worth approximately $118,000. TrimTabs Asset Management LLC increased its position 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 worth $123,000 after buying an additional 4,080 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Chico’s FAS during the first quarter worth approximately $142,000. Finally, Accredited Investors Inc. bought a new position in shares of Chico’s FAS during the first quarter worth approximately $142,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

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.

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