UBS Maintains a 'Neutral' on Chico's, Inc. (CHS); A Safehaven Emerges
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Price: $19.63 +1.03%
Rating Summary:
8 Buy, 10 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
8 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade CHS Now!
UBS maintains a 'Neutral' on Chico's, Inc. (NYSE: CHS) price target raised $1 to $16.
Analyst, Roxanne Meyer, said, "CHS is benefiting from strong assortments at Chico’s and WHBM, likely capitalizing on weaker competition at boomers as well as a shift away from suiting at Ann, Inc (NYSE: ANN). We expect share gains to continue, and Q2 is off to a good start (May comping a strong 6.1%), though compares get tougher within 2Q. While we con’t to see EPS upside potential, share count and limited margin flow-through put pressure on generating outsized comps to get it. That said, CHS is a safer-haven in retail given strong fundamentals; will look for an opportunity to get more constructive."
UBS bumps FY12/13 EPS estimates by $0.02 each, to $1.04/1.27, respectively.
For an analyst ratings summary and ratings history on Chico's, Inc. click here. For more ratings news on Chico's, Inc. click here.
Shares of Chico's, Inc. closed at $15.21 yesterday, with a 52 week range of $9.57-$16.50.
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Analyst, Roxanne Meyer, said, "CHS is benefiting from strong assortments at Chico’s and WHBM, likely capitalizing on weaker competition at boomers as well as a shift away from suiting at Ann, Inc (NYSE: ANN). We expect share gains to continue, and Q2 is off to a good start (May comping a strong 6.1%), though compares get tougher within 2Q. While we con’t to see EPS upside potential, share count and limited margin flow-through put pressure on generating outsized comps to get it. That said, CHS is a safer-haven in retail given strong fundamentals; will look for an opportunity to get more constructive."
UBS bumps FY12/13 EPS estimates by $0.02 each, to $1.04/1.27, respectively.
For an analyst ratings summary and ratings history on Chico's, Inc. click here. For more ratings news on Chico's, Inc. click here.
Shares of Chico's, Inc. closed at $15.21 yesterday, with a 52 week range of $9.57-$16.50.
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