SunTrust Banks, Inc. Analysts Give Chico’s FAS, Inc. (CHS) a $10.00 Price Target

Chico’s FAS, Inc. (NYSE:CHS) has been assigned a $10.00 target price by equities research analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. The firm currently has a “buy” rating on the specialty retailer’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 25.31% from the company’s current price.

A number of other equities research analysts also recently issued reports on CHS. Zacks Investment Research upgraded shares of Chico’s FAS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub upgraded shares of Chico’s FAS from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $12.00 target price on shares of Chico’s FAS in a research report on Thursday, August 17th. Jefferies Group LLC set a $11.00 target price on shares of Chico’s FAS and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, FBR & Co reiterated a “buy” rating and issued a $14.00 target price (down previously from $16.00) on shares of Chico’s FAS in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Chico’s FAS has an average rating of “Hold” and a consensus target price of $11.00.

Shares of Chico’s FAS (NYSE:CHS) traded up $0.09 during trading hours on Friday, hitting $7.98. 4,100,044 shares of the company traded hands, compared to its average volume of 2,939,403. Chico’s FAS has a fifty-two week low of $6.96 and a fifty-two week high of $16.85. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1,060.00, a P/E ratio of 10.49, a PEG ratio of 1.09 and a beta of 0.69.

Chico’s FAS (NYSE:CHS) last released its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Chico’s FAS had a return on equity of 15.57% and a net margin of 3.94%. The company had revenue of $578.60 million during the quarter, compared to analysts’ expectations of $578.58 million. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. sell-side analysts predict that Chico’s FAS will post 0.63 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Chico’s FAS by 21.4% in the 2nd quarter. Vanguard Group Inc. now owns 15,134,008 shares of the specialty retailer’s stock valued at $142,563,000 after buying an additional 2,671,543 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Chico’s FAS by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,203,559 shares of the specialty retailer’s stock valued at $72,437,000 after buying an additional 35,305 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Chico’s FAS by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,333,568 shares of the specialty retailer’s stock valued at $69,082,000 after buying an additional 542,757 shares during the last quarter. State Street Corp grew its stake in Chico’s FAS by 5.3% in the 2nd quarter. State Street Corp now owns 5,139,633 shares of the specialty retailer’s stock valued at $48,417,000 after buying an additional 256,414 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Chico’s FAS by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,547,401 shares of the specialty retailer’s stock valued at $33,415,000 after buying an additional 270,838 shares during the last quarter.

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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