Telsey Advisory Group Reiterates Market Perform Rating for Chico’s FAS (NYSE:CHS)

Chico’s FAS (NYSE:CHS)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a report released on Monday, Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Chico’s FAS from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. B. Riley raised their price objective on shares of Chico’s FAS from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. Finally, Zacks Investment Research raised shares of Chico’s FAS from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective for the company in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Chico’s FAS has an average rating of “Buy” and an average target price of $4.55.

Shares of CHS traded down $0.26 during mid-day trading on Monday, reaching $3.65. 5,132,242 shares of the company’s stock were exchanged, compared to its average volume of 2,422,598. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 1.15. The company has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $3.81. Chico’s FAS has a 52-week low of $2.33 and a 52-week high of $6.11. The company has a market cap of $486.34 million, a price-to-earnings ratio of -17.38, a PEG ratio of 14.91 and a beta of 0.38.

Chico’s FAS (NYSE:CHS) last issued its quarterly earnings data on Tuesday, November 26th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. Chico’s FAS had a negative net margin of 1.23% and a negative return on equity of 1.37%. The business had revenue of $484.71 million during the quarter, compared to analysts’ expectations of $473.21 million. During the same period last year, the company posted $0.05 EPS. The company’s revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts predict that Chico’s FAS will post -0.06 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its stake in Chico’s FAS by 6.1% in the 4th quarter. Renaissance Technologies LLC now owns 8,925,000 shares of the specialty retailer’s stock worth $34,004,000 after acquiring an additional 509,700 shares during the period. State Street Corp grew its stake in Chico’s FAS by 0.9% in the 4th quarter. State Street Corp now owns 4,742,645 shares of the specialty retailer’s stock worth $18,069,000 after acquiring an additional 42,478 shares during the period. Goldman Sachs Group Inc. grew its stake in Chico’s FAS by 99.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,976,947 shares of the specialty retailer’s stock worth $7,532,000 after acquiring an additional 986,208 shares during the period. Divisar Capital Management LLC purchased a new stake in Chico’s FAS in the 4th quarter worth approximately $6,803,000. Finally, Geode Capital Management LLC grew its stake in Chico’s FAS by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,575,809 shares of the specialty retailer’s stock worth $6,003,000 after acquiring an additional 50,215 shares during the period. 93.51% of the stock is owned by hedge funds and other institutional investors.

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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