Chico's FAS - CHS Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chico's FAS in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CHS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHS, but not buy additional shares or sell existing shares.
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2 Wall Street analysts have issued 12 month price objectives for Chico's FAS's stock. Their CHS share price forecasts range from $5.00 to $7.00. On average, they anticipate the company's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
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Chico's FAS's stock was trading at $5.38 at the start of the year. Since then, CHS shares have decreased by 8.0% and is now trading at $4.95.
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Chico's FAS saw a increase in short interest in September. As of September 15th, there was short interest totaling 12,140,000 shares, an increase of 10.7% from the August 31st total of 10,970,000 shares. Based on an average daily trading volume, of 2,290,000 shares, the short-interest ratio is presently 5.3 days. Currently, 10.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 29th 2022.
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Chico's FAS, Inc. (NYSE:CHS) issued its quarterly earnings results on Wednesday, August, 31st. The specialty retailer reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. The specialty retailer had revenue of $558.72 million for the quarter, compared to analysts' expectations of $543.90 million. Chico's FAS had a net margin of 5.16% and a trailing twelve-month return on equity of 44.81%. During the same period in the previous year, the business earned $0.21 EPS.

Chico's FAS issued an update on its third quarter 2022 earnings guidance on Wednesday, September, 28th. The company provided earnings per share guidance of $0.11-$0.14 for the period, compared to the consensus estimate of $0.11. The company issued revenue guidance of $495.00 million-$510.00 million, compared to the consensus revenue estimate of $508.30 million.

23 employees have rated Chico's FAS Chief Executive Officer Molly Langenstein on Glassdoor.com. Molly Langenstein has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chico's FAS investors own include Annaly Capital Management (NLY), Macy's (M), Energy Transfer (ET), AT&T (T), Ford Motor (F), Chimera Investment (CIM), Enterprise Products Partners (EPD), Coty (COTY), Wells Fargo & Company (WFC) and ARMOUR Residential REIT (ARR).

Chico's FAS trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHS."

Chico's FAS's stock is owned by a number of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (4.50%), State Street Corp (4.13%), Global Alpha Capital Management Ltd. (2.89%), Millennium Management LLC (1.45%), Royce & Associates LP (1.41%) and Goldman Sachs Group Inc. (1.28%). Insiders that own company stock include Bonnie R Brooks, David F Walker, David M Oliver, Gregory S Baker, Kristin Gwinner and Molly Langenstein.
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Shares of CHS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHS stock can currently be purchased for approximately $4.95.

Chico's FAS (NYSE:CHS) has a market capitalization of $619.44 million and generates $1.81 billion in revenue each year. The specialty retailer earns $46.22 million in net income (profit) each year or $0.86 on an earnings per share basis.

The company employs 12,700 workers across the globe.

Chico's FAS's mailing address is 11215 METRO PKWY, FT MYERS FL, 33966. The official website for the company is www.chicosfas.com. The specialty retailer can be reached via phone at (239) 277-6200, via email at cfo@chicos.com, or via fax at 239-277-5237.