Chicos FAS (CHS) : Zacks Investment Research ranks Chicos FAS (CHS) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.38, which indicates as a Buy.
Chicos FAS (CHS) : The highest short term price target forecast on Chicos FAS (CHS) is $17 and the lowest target price is $11. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $12.83 with a standard deviation of $1.7.
Chicos FAS (NYSE:CHS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.80 and $10.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.85, notching a gain of 0.65% for the day. The total traded volume was 1,576,095 . The stock had closed at $10.78 on the previous day.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Chicos FAS (NYSE:CHS). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $13 per share to $11 per share. The rating by the firm was issued on May 27, 2016. The company shares have dropped -33.09% from its 1 Year high price. On Sep 16, 2015, the shares registered one year high at $17.28 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $10.90 and the 200 Day Moving Average price is recorded at $11.46.
Chicos FAS, Inc. is a specialty retailer of womens private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items operating under the Chicos, White House/Black Market (WH/BM), Soma Intimates (Soma) and Boston Proper brand names. The Chicos brand sells designed, private branded clothing focusing on women 40 and over. The WHBM brand offers feminine and alternative to designer fashion selling fashionable and clothing and accessory items, primarily in black and white and related shades with seasonal color splashes. The Soma brand sells designed private branded lingerie, loungewear and beauty products women who are 35 years old and over. The Boston Proper brand sells womens apparel and accessories, marketed to affluent women between 35-55 years old.