Citigroup Inc. cut shares of Chico’s FAS, Inc. (NYSE:CHS) from a buy rating to a neutral rating in a report released on Monday, Marketbeat.com reports.

Several other research firms have also weighed in on CHS. ValuEngine raised shares of Chico’s FAS from a hold rating to a buy rating in a report on Thursday, July 6th. BidaskClub raised shares of Chico’s FAS from a strong sell rating to a sell rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a hold rating and issued a $11.00 target price on shares of Chico’s FAS in a report on Thursday, July 6th. Zacks Investment Research raised shares of Chico’s FAS from a strong sell rating to a hold rating in a report on Tuesday, July 25th. Finally, FBR & Co reaffirmed a buy rating and issued a $14.00 target price on shares of Chico’s FAS in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Chico’s FAS currently has a consensus rating of Hold and an average price target of $11.69.

Shares of Chico’s FAS (NYSE CHS) opened at 7.40 on Monday. Chico’s FAS has a 12 month low of $6.96 and a 12 month high of $16.85. The company has a market capitalization of $929.75 million, a P/E ratio of 10.32 and a beta of 0.68. The company has a 50-day moving average of $8.23 and a 200 day moving average of $9.85.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $578.60 million during the quarter, compared to the consensus estimate of $578.58 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. Analysts forecast that Chico’s FAS will post $0.64 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Parkwood LLC acquired a new position in Chico’s FAS during the 2nd quarter worth about $102,000. PNC Financial Services Group Inc. lifted its position in Chico’s FAS by 6.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the specialty retailer’s stock worth $109,000 after buying an additional 473 shares in the last quarter. Flinton Capital Management LLC lifted its position in Chico’s FAS by 85.7% during the 2nd quarter. Flinton Capital Management LLC now owns 13,776 shares of the specialty retailer’s stock worth $130,000 after buying an additional 6,356 shares in the last quarter. Welch & Forbes LLC acquired a new position in Chico’s FAS during the 2nd quarter worth about $133,000. Finally, Koch Industries Inc. acquired a new position in Chico’s FAS during the 2nd quarter worth about $142,000.

About Chico’s FAS

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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