Chico’s FAS, Inc. (NYSE:CHS) Given Average Rating of “Hold” by Brokerages

Shares of Chico’s FAS, Inc. (NYSE:CHS) have received an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.44.

Several research firms recently weighed in on CHS. Telsey Advisory Group reduced their target price on shares of Chico’s FAS from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, August 29th. MKM Partners set a $4.00 target price on shares of Chico’s FAS and gave the company a “hold” rating in a research note on Thursday, August 29th. TheStreet cut shares of Chico’s FAS from a “c” rating to a “d+” rating in a research note on Wednesday, August 28th. Morgan Stanley reduced their target price on shares of Chico’s FAS from $4.00 to $3.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Finally, ValuEngine cut shares of Chico’s FAS from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd.

Large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Chico’s FAS by 440.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 201,825 shares of the specialty retailer’s stock worth $680,000 after purchasing an additional 164,475 shares in the last quarter. Swiss National Bank raised its position in Chico’s FAS by 2.1% in the second quarter. Swiss National Bank now owns 234,000 shares of the specialty retailer’s stock worth $789,000 after purchasing an additional 4,900 shares in the last quarter. Comerica Bank raised its position in Chico’s FAS by 3.1% in the first quarter. Comerica Bank now owns 128,881 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 3,889 shares in the last quarter. Aperio Group LLC raised its position in Chico’s FAS by 2.9% in the second quarter. Aperio Group LLC now owns 140,613 shares of the specialty retailer’s stock worth $474,000 after purchasing an additional 4,017 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Chico’s FAS in the second quarter worth about $268,000. 92.35% of the stock is owned by hedge funds and other institutional investors.



CHS stock traded up $0.35 during mid-day trading on Wednesday, reaching $4.06. 52,187 shares of the stock traded hands, compared to its average volume of 4,176,987. The company has a quick ratio of 0.52, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average of $3.33 and a two-hundred day moving average of $3.62. Chico’s FAS has a 52 week low of $2.33 and a 52 week high of $8.87. The firm has a market capitalization of $437.30 million, a PE ratio of 13.10 and a beta of 0.26.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 8.62%. The ex-dividend date is Friday, September 13th. Chico’s FAS’s payout ratio is presently 112.90%.

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. 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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Analyst Recommendations for Chico`s FAS (NYSE:CHS)

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