Chico’s FAS (NYSE:CHS) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Chico’s FAS (NYSE:CHSGet Rating) from a strong-buy rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “

Several other research firms also recently weighed in on CHS. StockNews.com downgraded shares of Chico’s FAS from a strong-buy rating to a buy rating in a report on Saturday, March 26th. B. Riley reduced their price target on shares of Chico’s FAS from $6.00 to $5.00 in a research report on Wednesday, March 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Chico’s FAS presently has a consensus rating of Hold and a consensus target price of $5.58.

Shares of CHS opened at $5.31 on Tuesday. Chico’s FAS has a fifty-two week low of $3.04 and a fifty-two week high of $7.29. The business’s 50 day simple moving average is $4.84. The stock has a market cap of $650.52 million, a P/E ratio of 14.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.35 and a current ratio of 1.01.

Chico’s FAS (NYSE:CHSGet Rating) last issued its earnings results on Tuesday, March 1st. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The business had revenue of $496.26 million during the quarter, compared to analysts’ expectations of $498.00 million. Chico’s FAS had a net margin of 2.55% and a return on equity of 25.89%. During the same quarter in the prior year, the business posted ($0.36) EPS. As a group, research analysts predict that Chico’s FAS will post 0.46 earnings per share for the current year.

In related news, insider Bonnie R. Brooks sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $4.28, for a total value of $856,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC raised its stake in Chico’s FAS by 1,432.3% during the third quarter. Squarepoint Ops LLC now owns 702,511 shares of the specialty retailer’s stock worth $3,154,000 after acquiring an additional 656,663 shares in the last quarter. Credit Suisse AG boosted its holdings in Chico’s FAS by 14.5% in the third quarter. Credit Suisse AG now owns 27,462 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 3,487 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in Chico’s FAS in the third quarter valued at about $587,000. Broad Bay Capital Management LP boosted its holdings in Chico’s FAS by 36.0% in the third quarter. Broad Bay Capital Management LP now owns 1,555,000 shares of the specialty retailer’s stock valued at $6,982,000 after acquiring an additional 412,000 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in Chico’s FAS during the 3rd quarter worth approximately $793,000. 80.88% of the stock is owned by institutional investors.

Chico’s FAS Company Profile (Get Rating)

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 brands. The Chico's brand primarily sells private branded clothing focusing on women with moderate to high household income levels.

Featured Articles

Get a free copy of the Zacks research report on Chico’s FAS (CHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.