November 23, 2016 - By Michael Collier
They currently have a $17 target price on Chico’s FAS (NYSE:CHS). Telsey Advisory Group’s target would suggest a potential upside of 7.26% from the company’s last price. This was revealed in analysts report on Wednesday, 23 November.
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 -9.40% below today’s ($15.85) stock price. Chico’s FAS has been the topic of 29 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Brean Capital maintained the stock with “Buy” rating in Wednesday, November 25 report. As per Friday, May 27, the company rating was maintained by Suntrust Robinson. The stock has “Peer Perform” rating given by Wolfe Research on Tuesday, August 18. BB&T Capital initiated Chico’s FAS, Inc. (NYSE:CHS) on Friday, August 14 with “Hold” rating. On Thursday, September 17 the stock rating was initiated by M Partners with “Neutral”. The stock of Chico’s FAS, Inc. (NYSE:CHS) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, November 25. The firm earned “Buy” rating on Wednesday, August 19 by Brean Capital. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 25. The firm has “Neutral” rating by Citigroup given on Friday, May 27. The rating was upgraded by Citigroup on Monday, November 14 to “Buy”.
The stock increased 13.30% or $1.86 during the last trading session, hitting $15.85. 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 2016 Q2. 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.
California Pub Employees Retirement reported 536,200 shares or 0.01% of all its holdings. Schroder Mgmt Group Inc owns 1.51 million shares or 0.03% of their US portfolio. Federated Investors Pa reported 117,136 shares or 0% of all its holdings. Suntrust Banks Incorporated, a Georgia-based fund reported 148,422 shares. Nj State Employees Deferred Compensation Plan reported 10,000 shares or 0.02% of all its holdings. Guggenheim Cap Lc has 0% invested in the company for 51,699 shares. Ameriprise Inc accumulated 1.05 million shares or 0.01% of the stock. First Republic Invest Mgmt reported 45,328 shares or 0% of all its holdings. Parametric Port Assocs Ltd Co has invested 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS). Skyline Asset Management Lp holds 0.81% or 1.03M shares in its portfolio. Schwab Charles Investment Mgmt holds 0.01% of its portfolio in Chico’s FAS, Inc. (NYSE:CHS) for 916,414 shares. Teachers Retirement Sys Of The State Of Kentucky accumulated 0% or 32,955 shares. Amp Cap Investors Limited has 43,900 shares for 0% of their US portfolio. Bank Of Ny Mellon Corp last reported 3.16M shares in the company. Los Angeles Cap Mgmt & Equity Research holds 0% or 22,600 shares in its portfolio.
Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 1 insider sale for $253,354 net activity. Murray Cynthia sold $253,354 worth of Chico’s FAS, Inc. (NYSE:CHS) 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.
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