Chicos FAS (CHS) Tops Q2 EPS by 3c
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FBR Capital Remains Bullish on Chicos FAS (CHS) Following 2Q EPS Beat
September 1, 2016 7:48 AM EDTFBR Capital reiterated an Outperform rating and $17.00 price target on Chico's, Inc. (NYSE: CHS) following the company's 2Q earnings report. CHS reported adjusted EPS of $0.03 above the consensus estimate. CHS's newest restructuring announced today will eliminate corporate and field leadership head count by ~200 or 13% and create new positions in key areas such as analytics.... More
Mizuho Securities Raises Price Target on Chicos FAS (CHS) to $15 Following 2Q
August 31, 2016 2:35 PM EDTMizuho Securities reiterated a Buy rating on Chico's, Inc. (NYSE: CHS), and raised the price target to $15.00 (from $13.00), following the company's 2Q earnings report. CHS reported OpEPS of $0.25 came in ahead of the Streets $0.23 estimate. Mizuho increased 3Q EPS estimates to $0.13 from $0.10 and... More
Stifel Remains Neutral on Chicos (CHS) Post-Q2 Report; Sees New Merchandising Strategy as Positive
August 31, 2016 2:32 PM EDTStifel affirms Chicos FAS (NYSE: CHS) with a Hold rating following Q2 results and outlook issued on Tuesday night.
Analyst Richard Jaffe offered the following key points on Chicos today:
New Cost Reduction Initiatives Announced The company announced an organizational redesign which is expected to generate $25 million in annualized savings. The redesign clarified roles, responsibilities and processes across the brands and shared services center. New positions were created in digital and business analytics, while the company reduced corporate and field leadership headcount by 200 or 13% to create a flatter organization. Additionally, Cynthia... MorePiper Jaffray Raises Price Target on Chicos FAS (CHS) to $14 Following 2Q Beat
August 31, 2016 7:47 AM EDTPiper Jaffray reiterated an Overweight rating on Chico's, Inc. (NYSE: CHS), and raised the price target to $14.00 (from $13.00), following the company's 2Q earnings report. CHS reported EPS of $0.25 vs. the consensus estimate of $0.22. Comps came in at -3.1% compared to the consensus of -3.9%.... More
