Chico’s FAS (NYSE:CHS) Upgraded to “Hold” at Zacks Investment Research

Chico’s FAS (NYSE:CHS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “

CHS has been the topic of several other reports. B. Riley raised their price target on shares of Chico’s FAS from $2.50 to $5.25 and gave the stock a “neutral” rating in a research report on Wednesday. Telsey Advisory Group raised their price target on shares of Chico’s FAS from $5.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, TheStreet upgraded shares of Chico’s FAS from a “d” rating to a “c-” rating in a research report on Tuesday.

NYSE:CHS traded down $0.25 during midday trading on Thursday, reaching $5.36. The stock had a trading volume of 2,661,339 shares, compared to its average volume of 2,432,500. Chico’s FAS has a 1-year low of $0.91 and a 1-year high of $6.48. The business has a fifty day moving average price of $3.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.46. The firm has a market capitalization of $657.05 million, a PE ratio of -1.72 and a beta of 1.54.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Monday, June 7th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.09. Chico’s FAS had a negative net margin of 27.20% and a negative return on equity of 66.99%. As a group, equities research analysts expect that Chico’s FAS will post -0.31 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC bought a new position in shares of Chico’s FAS during the 1st quarter worth about $33,000. Quantbot Technologies LP bought a new position in shares of Chico’s FAS during the 1st quarter worth about $37,000. Nierenberg Investment Management Company Inc. bought a new position in shares of Chico’s FAS during the 1st quarter worth about $39,000. XTX Topco Ltd bought a new position in shares of Chico’s FAS during the 1st quarter worth about $42,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Chico’s FAS by 71.1% during the 4th quarter. ProShare Advisors LLC now owns 28,631 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 11,897 shares during the period. 76.14% of the stock is owned by institutional investors.

About Chico’s FAS

Chico's FAS, Inc operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. It operates under the Chico's, White House Black Market (WHBM), Soma, and TellTale brands. The Chico's brand primarily sells private branded clothing focusing on women 45 and older.

Featured Article: What are economic reports?

Get a free copy of the Zacks research report on Chico’s FAS (CHS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chico's FAS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chico's FAS and related companies with MarketBeat.com's FREE daily email newsletter.