November 23, 2016 - By Ruchi Gupta
Deutsche Bank currently has a $13.00 target price per share on the $2.32B market cap company or -16.18% downside potential. In analysts report shared with investors and clients on Wednesday morning, Chico’s FAS (NYSE:CHS) stock had its “Hold” Rating restate by stock analysts at Deutsche Bank.
Out of 17 analysts covering Chico’s FAS (NYSE:CHS), 8 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 47% are positive. $22 is the highest target while $11 is the lowest. The $14.36 average target is -7.41% below today’s ($15.51) stock price. Chico’s FAS has been the topic of 29 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Friday, May 27 by Telsey Advisory Group. The stock of Chico’s FAS, Inc. (NYSE:CHS) has “Buy” rating given on Wednesday, November 25 by Brean Capital. Citigroup initiated Chico’s FAS, Inc. (NYSE:CHS) on Wednesday, October 7 with “Neutral” rating. On Wednesday, August 31 the stock rating was maintained by Mizuho with “Buy”. The stock of Chico’s FAS, Inc. (NYSE:CHS) earned “Buy” rating by Suntrust Robinson on Friday, May 27. The stock of Chico’s FAS, Inc. (NYSE:CHS) has “Hold” rating given on Monday, January 4 by Jefferies. The firm earned “Neutral” rating on Thursday, September 17 by M Partners. The rating was downgraded by KeyBanc Capital Markets on Tuesday, November 15 to “Sector Weight”. The stock of Chico’s FAS, Inc. (NYSE:CHS) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 25. Brean Capital maintained the stock with “Buy” rating in Wednesday, August 19 report.
About 2.23 million shares traded hands. Chico’s FAS, Inc. (NYSE:CHS) has risen 23.35% since April 21, 2016 and is uptrending. It has outperformed by 18.02% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.03, from 1.02 in 2016Q1. The ratio increased, as 31 funds sold all Chico’s FAS, Inc. shares owned while 65 reduced positions. 23 funds bought stakes while 75 increased positions. They now own 113.89 million shares or 7.72% less from 123.41 million shares in 2016Q1.
Twin, a Pennsylvania-based fund reported 112,378 shares. Bb&T holds 0% or 21,028 shares in its portfolio. Kcg accumulated 0.02% or 105,164 shares. First Republic Mgmt Inc accumulated 45,328 shares or 0% of the stock. Neuberger Berman Grp Ltd Company has invested 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). The Montana-based Da Davidson has invested 0% in Chico’s FAS, Inc. (NYSE:CHS). D E Shaw & Company last reported 1.35M shares in the company. State Bank Of America Corp De accumulated 256,120 shares or 0% of the stock. Geode Capital Limited Com accumulated 0.01% or 884,440 shares. Walleye Trading Ltd Llc, a Minnesota-based fund reported 35,798 shares. Canada Pension Plan Investment Board holds 0.04% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS) for 998,884 shares. Gsa Limited Liability Partnership has 0.02% invested in the company for 26,429 shares. Hap Trading Ltd Llc accumulated 0.02% or 32,702 shares. Morgan Stanley, a New York-based fund reported 1.26 million shares. The Washington-based Parametric Portfolio Associates Ltd Liability Co has invested 0.01% in Chico’s FAS, Inc. (NYSE:CHS).
Insider Transactions: Since September 1, 2016, the stock had 0 buys, and 1 insider sale for $253,354 net activity. Murray Cynthia had sold 20,000 shares worth $253,354 on Thursday, September 1.
Chico’s FAS, Inc. is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing items operating under the Chico’s, White House Black Market and Soma brand names. The company has a market cap of $2.32 billion. The Company’s brands are specialty retailers of private label women’s apparel and related products. It has a 92.41 P/E ratio. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico.
According to Zacks Investment Research, “CHICO’S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets.”
Chico’s FAS, Inc., incorporated on December 1, 1983, is a specialty retailer of women’s private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company’s brands are specialty retailers of private label women’s apparel and related products. The Company’s product is available to clients in its domestic and international retail stores, through its e-commerce Websites, through telephone through its call centers, and through an unaffiliated franchise partner in Mexico. The Firm operates approximately 1,520 stores across over 50 states, Puerto Rico, the United States Virgin Islands and Canada, and sold merchandise through over 40 franchise locations in Mexico. The Company’s boutiques are located in upscale outdoor shopping areas, indoor shopping malls, and street-front locations. The Company’s outlet stores are located in outlet centers. It also sells clearance merchandise on its Websites.
More recent Chico’s FAS, Inc. (NYSE:CHS) news were published by: Fool.com which released: “Here’s Why Chico’s FAS, Inc. Shares Are Surging Now” on November 22, 2016. Also Investorplace.com published the news titled: “Chico’s FAS, Inc. (CHS) Stock Hits 52-Week High” on November 14, 2016. Prnewswire.com‘s news article titled: “Chico’s FAS, Inc. Announces Third Quarter Sales and Earnings Conference Call” with publication date: October 23, 2016 was also an interesting one.
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By Ruchi Gupta