Chico’s FAS, Inc. (NYSE:CHS) Stock Rating Lowered by BidaskClub

Chico’s FAS, Inc. (NYSE:CHS) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research cut Chico’s FAS from an “outperform” rating to a “market perform” rating in a report on Thursday, May 25th. Telsey Advisory Group cut their price target on Chico’s FAS from $15.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, May 25th. UBS AG reaffirmed a “neutral” rating and set a $10.00 price target (down previously from $16.00) on shares of Chico’s FAS in a report on Thursday, May 25th. Royal Bank Of Canada set a $16.00 price target on Chico’s FAS and gave the company a “buy” rating in a report on Tuesday, May 16th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price target on shares of Chico’s FAS in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.43.

Chico’s FAS (NYSE:CHS) opened at 8.93 on Wednesday. Chico’s FAS has a 52-week low of $8.44 and a 52-week high of $16.85. The firm’s 50-day moving average price is $9.10 and its 200 day moving average price is $12.35. The firm has a market cap of $1.13 billion, a PE ratio of 12.45 and a beta of 0.67.

Chico’s FAS (NYSE:CHS) last released its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.03. The business had revenue of $583.70 million for the quarter, compared to the consensus estimate of $624.75 million. Chico’s FAS had a net margin of 3.86% and a return on equity of 17.36%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. On average, equities analysts anticipate that Chico’s FAS will post $0.79 earnings per share for the current year.

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In other Chico’s FAS news, Director Ross E. Roeder sold 5,000 shares of Chico’s FAS stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $47,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ross E. Roeder sold 10,000 shares of Chico’s FAS stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $9.75, for a total transaction of $97,500.00. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in Chico’s FAS by 4.1% in the first quarter. Nationwide Fund Advisors now owns 323,558 shares of the specialty retailer’s stock valued at $4,595,000 after buying an additional 12,842 shares during the period. James Investment Research Inc. acquired a new position in Chico’s FAS during the first quarter valued at about $1,974,000. Hartford Investment Management Co. raised its position in Chico’s FAS by 35.0% in the first quarter. Hartford Investment Management Co. now owns 16,200 shares of the specialty retailer’s stock valued at $230,000 after buying an additional 4,200 shares during the period. Louisiana State Employees Retirement System raised its position in Chico’s FAS by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the specialty retailer’s stock valued at $463,000 after buying an additional 700 shares during the period. Finally, Parametrica Management Ltd acquired a new position in Chico’s FAS during the first quarter valued at about $316,000.

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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