SunTrust Banks, Inc. Analysts Give Chico’s FAS, Inc. (CHS) a $12.00 Price Target

SunTrust Banks, Inc. set a $12.00 target price on Chico’s FAS, Inc. (NYSE:CHS) in a report published on Monday. The brokerage currently has a buy rating on the specialty retailer’s stock.

Several other analysts have also recently issued reports on CHS. BidaskClub raised shares of Chico’s FAS from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. ValuEngine raised shares of Chico’s FAS from a hold rating to a buy rating in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a hold rating and set a $11.00 price objective on shares of Chico’s FAS in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Chico’s FAS from a strong sell rating to a hold rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $12.00 price objective on shares of Chico’s FAS in a research note on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $11.69.

Chico’s FAS (NYSE:CHS) opened at 7.40 on Monday. The company has a market cap of $929.75 million, a P/E ratio of 10.32 and a beta of 0.68. Chico’s FAS has a one year low of $6.96 and a one year high of $16.85. The company has a 50 day moving average of $8.23 and a 200-day moving average of $9.85.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $578.58 million. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue was down 9.0% on a year-over-year basis. On average, equities analysts expect that Chico’s FAS will post $0.64 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in CHS. Parkwood LLC purchased a new stake in Chico’s FAS during the 2nd quarter worth approximately $102,000. PNC Financial Services Group Inc. increased its position in shares of Chico’s FAS by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 473 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Chico’s FAS by 85.7% in the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s st

Several other analysts have also recently issued reports on CHS. BidaskClub raised shares of Chico’s FAS from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. ValuEngine raised shares of Chico’s FAS from a hold rating to a buy rating in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a hold rating and set a $11.00 price objective on shares of Chico’s FAS in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Chico’s FAS from a strong sell rating to a hold rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $12.00 price objective on shares of Chico’s FAS in a research note on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $11.69.

Chico’s FAS (NYSE:CHS) opened at 7.40 on Monday. The company has a market cap of $929.75 million, a P/E ratio of 10.32 and a beta of 0.68. Chico’s FAS has a one year low of $6.96 and a one year high of $16.85. The company has a 50 day moving average of $8.23 and a 200-day moving average of $9.85.

Chico’s FAS (NYSE:CHS) last announced its quarterly earnings data on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). Chico’s FAS had a net margin of 3.94% and a return on equity of 15.57%. The business had revenue of $578.60 million for the quarter, compared to analysts’ expectations of $578.58 million. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue was down 9.0% on a year-over-year basis. On average, equities analysts expect that Chico’s FAS will post $0.64 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/suntrust-banks-inc-analysts-give-chicos-fas-inc-chs-a-12-00-price-target.html.

A number of institutional investors and hedge funds have recently made changes to their positions in CHS. Parkwood LLC purchased a new stake in Chico’s FAS during the 2nd quarter worth approximately $102,000. PNC Financial Services Group Inc. increased its position in shares of Chico’s FAS by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 473 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Chico’s FAS by 85.7% in the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock valued at $130,000 after purchasing an additional 6,356 shares during the last quarter. Welch & Forbes LLC purchased a new stake in shares of Chico’s FAS in the 2nd quarter valued at approximately $133,000. Finally, Koch Industries Inc. purchased a new stake in shares of Chico’s FAS in the 2nd quarter valued at approximately $142,000.

Chico’s FAS Company Profile

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

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

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