November 23, 2016 - By Ruchi Gupta
The broker have set target price of $17.0 on Chico’s FAS (CHS) shares. This is 7.26% from the last stock price. In analysts note issued on Wednesday morning, Telsey Advisory kept their “Market Perform” rating on shares of CHS.
Out of 5 analysts covering Chico’s FAS (CHS), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $16.0 is the highest target while $15.0 is the lowest. The $15.50 average target is -2.21% below today’s ($15.85) stock price. Chico’s FAS has been the topic of 5 analyst reports since August 31, 2016 according to StockzIntelligence Inc. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Tuesday, November 15. The firm has “Neutral” rating by Nomura given on Wednesday, November 16. The rating was upgraded by Wolfe Research on Monday, November 14 to “Outperform”. Mizuho maintained Chico’s FAS, Inc. (NYSE:CHS) rating on Wednesday, August 31. Mizuho has “Buy” rating and $15.0 price target. The stock has “Buy” rating given by Citigroup on Monday, November 14.
The stock increased 13.30% or $1.86 during the last trading session, hitting $15.85. Chico’s FAS, Inc. (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 improved, 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.
American Century Cos Inc accumulated 0% or 50,725 shares. Parametric Ltd Llc has 0.01% invested in the company for 340,445 shares. Highlander Mgmt Ltd Limited Liability Company has invested 0% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Swiss Retail Bank owns 224,500 shares or 0% of their US portfolio. Fdx Advisors last reported 0.03% of its portfolio in the stock. Blackrock Management Limited Liability has invested 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Pub Employees Retirement Association Of Colorado holds 28,187 shares or 0% of its portfolio. Aqr Cap Mngmt Ltd Liability Corp accumulated 1.76 million shares or 0.03% of the stock. Proshare Advsr Ltd Liability accumulated 28,133 shares or 0% of the stock. Hbk Invs Limited Partnership has 0.01% invested in the company for 60,400 shares. Landscape Cap Management Limited Liability, a New Jersey-based fund reported 108,107 shares. Old Natl Bank In has invested 0.03% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Twin Capital Management holds 112,378 shares or 0.09% of its portfolio. Amp Invsts Limited last reported 0% of its portfolio in the stock. Royal Savings Bank Of Canada last reported 0% of its portfolio in the stock.
Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, 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 $2.05 billion. The Company’s brands are specialty retailers of private label women’s apparel and related products. It has a 94.44 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 notable 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 with their article: “Chico’s FAS, Inc. (CHS) Stock Hits 52-Week High” published on November 14, 2016, Fool.com published: “Why Chico’s FAS, Inc. Stock Popped Today” on August 31, 2016. More interesting news about Chico’s FAS, Inc. (NYSE:CHS) were released by: Prnewswire.com and their article: “Chico’s FAS, Inc. Announces Third Quarter Sales and Earnings Conference Call” published on October 23, 2016 as well as Prnewswire.com‘s news article titled: “Chico’s FAS, Inc. Announces Appointment of Diane Ellis as President of its …” with publication date: October 07, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ruchi Gupta