Chico’s FAS (NYSE:CHS) Price Target Cut to $7.25 by Analysts at B. Riley

Chico’s FAS (NYSE:CHS) had its price objective reduced by B. Riley from $9.25 to $7.25 in a research note issued to investors on Friday, MarketBeat reports. B. Riley currently has a buy rating on the specialty retailer’s stock.

CHS has been the topic of a number of other research reports. TheStreet upgraded shares of Chico’s FAS from a c+ rating to a b rating in a research report on Tuesday, June 6th. Telsey Advisory Group reiterated a market perform rating and set a $6.00 target price on shares of Chico’s FAS in a research report on Wednesday. Finally, StockNews.com initiated coverage on shares of Chico’s FAS in a research report on Thursday, August 17th. They set a buy rating on the stock.

Chico’s FAS Stock Down 1.8 %

NYSE:CHS opened at $5.04 on Friday. The firm’s 50 day simple moving average is $5.57 and its 200 day simple moving average is $5.42. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.11 and a quick ratio of 0.43. Chico’s FAS has a one year low of $4.33 and a one year high of $7.30. The company has a market cap of $622.24 million, a PE ratio of 5.48 and a beta of 1.25.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings results on Tuesday, August 29th. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $545.13 million for the quarter, compared to the consensus estimate of $554.90 million. Chico’s FAS had a net margin of 5.34% and a return on equity of 34.78%. During the same quarter in the previous year, the company earned $0.34 EPS. On average, research analysts anticipate that Chico’s FAS will post 0.79 earnings per share for the current year.

Institutional Trading of Chico’s FAS

A number of hedge funds and other institutional investors have recently bought and sold shares of CHS. American Century Companies Inc. increased its stake in Chico’s FAS by 26.6% during the 1st quarter. American Century Companies Inc. now owns 486,516 shares of the specialty retailer’s stock valued at $2,335,000 after purchasing an additional 102,099 shares in the last quarter. Citigroup Inc. grew its stake in shares of Chico’s FAS by 11.7% in the 1st quarter. Citigroup Inc. now owns 102,036 shares of the specialty retailer’s stock worth $490,000 after acquiring an additional 10,670 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Chico’s FAS by 8.7% in the 1st quarter. Bank of Montreal Can now owns 34,843 shares of the specialty retailer’s stock worth $172,000 after acquiring an additional 2,784 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Chico’s FAS by 115.6% in the 1st quarter. MetLife Investment Management LLC now owns 57,147 shares of the specialty retailer’s stock worth $274,000 after acquiring an additional 30,640 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Chico’s FAS by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 105,643 shares of the specialty retailer’s stock worth $507,000 after acquiring an additional 13,083 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories in the United States, Puerto Rico, Virgin Islands; and franchise locations in Mexico and domestic airports. The company operates under the Chico's, White House Black Market (WHBM), and Soma brands.