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Barclays Maintains an 'Equalweight' on Chico's, Inc. (CHS); 3Q 2011 Earnings Review

November 23, 2011 3:00 PM EST
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Price: $7.59 --0%

Rating Summary:
    7 Buy, 20 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Barclays maintains an 'Equalweight' on Chico's, Inc. (NYSE: CHS) price target lowered $1 to $11.00.

Barclays analyst says, "While White House Black Market has been able to deliver the right fashion and spur purchases by their more fashion forward customer and Soma delivered higher sales and margins (no comment on the bottom-line impact), the mature Chico's customer pulled back, leading to a marked deceleration in trend during the quarter. Core Chico's comps declined from +11% in August to a 0.6% comp for the quarter, suggesting September and October likely comped around -4%."

"We are lowering our 4Q 2011 estimate to $0.11 from $0.15, our 2011 estimate to $0.81 from $0.85, and our 2012 estimate to $0.95 from $1.01."

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 $9.94 yesterday.


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