TheStreet upgraded shares of Chico’s FAS (NYSE:CHS) from a d rating to a c- rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.
Several other brokerages have also recently issued reports on CHS. Zacks Investment Research cut shares of Chico’s FAS from a hold rating to a sell rating in a research note on Thursday, May 20th. B. Riley boosted their price target on shares of Chico’s FAS from $2.50 to $5.25 and gave the company a neutral rating in a research report on Wednesday. Finally, Telsey Advisory Group boosted their price target on shares of Chico’s FAS from $5.00 to $6.00 and gave the company a market perform rating in a research report on Wednesday.
Shares of CHS opened at $5.75 on Tuesday. Chico’s FAS has a 52-week low of $0.91 and a 52-week high of $6.48. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.46 and a current ratio of 0.93. The business’s fifty day simple moving average is $3.92. The firm has a market cap of $704.86 million, a PE ratio of -1.85 and a beta of 1.54.
Chico’s FAS (NYSE:CHS) last announced its earnings results on Monday, June 7th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.09. Chico’s FAS had a negative net margin of 27.20% and a negative return on equity of 66.99%. On average, sell-side analysts predict that Chico’s FAS will post -0.31 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Profund Advisors LLC lifted its position in Chico’s FAS by 33.3% in the first quarter. Profund Advisors LLC now owns 15,432 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 3,856 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Chico’s FAS in the first quarter valued at about $33,000. Public Employees Retirement System of Ohio lifted its position in Chico’s FAS by 9.6% in the first quarter. Public Employees Retirement System of Ohio now owns 123,919 shares of the specialty retailer’s stock valued at $410,000 after buying an additional 10,892 shares during the last quarter. Rhumbline Advisers lifted its position in Chico’s FAS by 2.6% in the first quarter. Rhumbline Advisers now owns 436,576 shares of the specialty retailer’s stock valued at $1,445,000 after buying an additional 11,098 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Chico’s FAS in the first quarter valued at about $37,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.
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), Soma, and TellTale brands. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.