Analysts Set Chico’s FAS, Inc. (NYSE:CHS) Price Target at $2.93

Shares of Chico’s FAS, Inc. (NYSE:CHS) have received an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $2.93.

Separately, Zacks Investment Research upgraded shares of Chico’s FAS from a “sell” rating to a “hold” rating in a research note on Thursday, August 27th.

Shares of CHS traded up $0.01 during trading on Wednesday, reaching $1.17. The company’s stock had a trading volume of 1,633,200 shares, compared to its average volume of 2,594,194. The company has a fifty day moving average of $1.33 and a two-hundred day moving average of $1.54. Chico’s FAS has a twelve month low of $0.93 and a twelve month high of $5.14. The company has a market cap of $140.27 million, a price-to-earnings ratio of -0.57 and a beta of 1.12. The company has a quick ratio of 0.55, a current ratio of 1.09 and a debt-to-equity ratio of 0.50.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Wednesday, August 26th. The specialty retailer reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.14). Chico’s FAS had a negative return on equity of 21.12% and a negative net margin of 14.87%. The company had revenue of $306.20 million during the quarter, compared to the consensus estimate of $346.18 million. The business’s revenue was down 39.8% compared to the same quarter last year. As a group, equities analysts forecast that Chico’s FAS will post -0.64 EPS for the current fiscal year.

In other Chico’s FAS news, CEO Bonnie R. Brooks purchased 77,176 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of $1.30 per share, with a total value of $100,328.80. Also, insider Molly Langenstein acquired 75,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of $1.33 per share, with a total value of $99,750.00. In the last quarter, insiders have acquired 186,176 shares of company stock valued at $243,279. 2.20% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Comerica Bank boosted its stake in Chico’s FAS by 7.8% in the second quarter. Comerica Bank now owns 124,002 shares of the specialty retailer’s stock valued at $175,000 after acquiring an additional 8,925 shares during the period. Strs Ohio boosted its stake in Chico’s FAS by 9.0% in the second quarter. Strs Ohio now owns 123,900 shares of the specialty retailer’s stock valued at $170,000 after acquiring an additional 10,200 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Chico’s FAS by 48.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 31,787 shares of the specialty retailer’s stock valued at $41,000 after acquiring an additional 10,420 shares during the period. Teza Capital Management LLC boosted its stake in Chico’s FAS by 108.3% in the first quarter. Teza Capital Management LLC now owns 20,977 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 10,905 shares during the period. Finally, Cerebellum GP LLC acquired a new position in Chico’s FAS in the second quarter valued at approximately $125,000. Institutional investors own 81.85% of the company’s stock.

Chico’s FAS Company Profile

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), and Soma brand names. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

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