Deutsche Bank Maintains a Hold Rating on Chico’s FAS

By Austin Angelo

Deutsche Bank analyst Paul Trussell maintained a Hold rating on Chico’s FAS (NYSE: CHS) today and set a price target of $13. The company’s shares opened today at $15.81, close to its 52-week high of $16.07.

According to, Trussell is a 4-star analyst with an average return of 4.7% and a 61.3% success rate. Trussell covers the Services sector, focusing on stocks such as GNC Holdings Inc., Urban Outfitters, and The Finish Line.

Currently, the analyst consensus on Chico’s FAS is Moderate Buy and the average price target is $14.80, representing a -6.4% downside.

In a report issued on November 15, KeyBanc also downgraded the stock to Hold.

Based on Chico’s FAS’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $597 million and quarterly net profit of $23.1 million. In comparison, last year the company earned revenue of $641 million and had a GAAP net loss of $11.61 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral on the stock. Most recently, in April 2016, Colaco Donna Noce, the Brand President WH|BM of CHS sold 40,000 shares for a total of $520,800.

Chico’s FAS, Inc. engages in the retail of private label women’s apparel, accessories, and other non-clothing items. Its product portfolio consists of the following brands: Chico’s, Soma, and White House Black Market. It also operates boutiques, retail stores, and websites to sell the products. The company was founded by Helene B. Gralnick and Marvin L. Gralnick in 1983 and is headquartered in Fort Myers, FL.